Penalty on late return filling of partnership firm

Please specify the financial year for which you are filing return.

If the Financial year is 01/04/2012 to 31/03/2013 (2012-13), the the return should be filed by 31st March 2014 and tax should be paid with interest.

If it is filed after that time, Penalty of Rs 5000/- u/s 271F will be leviable if there was no reasonable cause for delay.