Dear All,
In the latest maharashtra budget the penalty for filing late return is reduced to Rs.2000 , also it is mentioned in the budget that all pending returns on 1st April, 2014 can be filed along with payment of full tax and interest by paying late fee of rupees one thousand only. If late fee is paid while filing late return, the penalty levied earlier in respect of non-filing of those returns will not be recovered.
My question is that if i file a July-Sep 10 return by paying penalty of Rs.1000 , in the FORM 231 in penalty column we can enter only Rs.5000 ,
hence , i request you all to please help me in this case . Since i wont b able to file return unless & until i pay Rs.5000
Regards
Kiran
CAclubindia
