Itr - nil return

Whether return is to be filed by 31st July'17, for AY 17-18, even if no Tax is payable or to be refunded. 

What would be implication for late filling. 

Replies (2)

interest u/s 234A will be applicable in the case of belated returns.If the tax payable is zero then interest u/s 234A will be also NIL. The A.O. can impose penalty u/s 271F a maximum of Rs.5000

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