Is there any penalty for Non-Compliance of Notice u/s 148 within due date?
Case - A notice u/s 148 is issued, requiring to file the tax return within 30 days. Is there any penalty if I will file the return after 30 days?
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Penalty for 148
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As such, the time period gets extended on request.
Failure to comply with any notice issued under 142(1) or section 143(2) or failure to comply with a direction under section 142(2A) will result in penalty of Rs 10,000 for each failure.
Along with this you may also have to pay penalty of u/s 270A(1) as per which, penalty of 50% for under-reporting and 200% for misreporting of income will be levied.
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