Late Income tax return

 Is there any charges or penalty for late filing of income tax return.?

 

 

Replies (3)

yes u have to pay interest under sec.234a,b,c

n if ur liable for audit then .5% of turnover or rs.100000 whichever is lower

rest confirm it from ur c.a.also

96

234A is applicable for the late filling of return

1% for every month or part of the month from the due date of the filing the return to the date when it is actually filed 

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