dear experts,
if I file income tax return for fy 16-17 is there any penalty I have to pay? before 31.3.2018
Menu
return of income
Replies (3)
no , there is no levy of any pentaly if u file before end of the relevant assessment year
From next year, there is penalty if you don't file ITR by due date.
If you have outstanding taxes to be paid, you will have to pay interest @ 1% per month under section 234A for non filling of return within the due date prescribed.
Recent Topic
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
Related Topics
CAclubindia
