penalty for non filing of return 44ab

Hi,

Since the ROI has not been filed within the prescribed time limits of Section 139(1) of the Act, following penalties might attract in the instant case --

1) Section 271F - AO may direct the company to pay a sum of Rs. 5,000 by way of penalty.

2) Section 276CC - Prosecution section in case of failure to furnish returns of income 

Also, for your information, w.e.f. AY 18-19 - Section 234F ( Fee for default in furnishing ROI - Rs. 5,000 uptill 31st Dec and Rs. 10,000 in any other case) will be applicable in such cases. 

Hope this helps.