Saving my penalty

Tax queries 306 views 4 replies
User Avatar

Chartered Accountant
38 Points Joined April 2010

hello everyone..

last year i did not submit my return..i had an income of 500000..being in govt job i had paid around 70000 in tds..

if this im filling my return..for the last year i hv to pay penalty for 2000..is there any way to save myself from d penalty

 

pls answer

0 Reply Share Follow
On 06 July 2014 at 10:27 Report
Replies (4)
Guest

Who told you ke filing of belated return required to pay Rs.2000/- as penalty.

Assessing office may raise penalty u/s 271F of Rs.5000/- its only discreationery of Assessing officer.

and frankly speaking No assessing officer raise any penalty u/s 271F.

stiill in doubt revert back

Reply
On 06 July 2014 at 15:17
User Avatar

Student as well as Self-employed
3710 Points Joined September 2007
i agree with mr. ganeshan... i can only guess that 2000 that you are talking about may be interest u/s 234a. and of this os correct then you have to pay that amt.
Reply
On 06 July 2014 at 16:30
Guest

@ singh: I am not talking about Interest u/s234A.... 

Reply
On 06 July 2014 at 16:37
User Avatar

Student as well as Self-employed
3710 Points Joined September 2007
@ ganeshan... i know you are not talking about it. but i am making a guess about it and that second part of my answer was for mr. prasoon.
Reply
On 06 July 2014 at 16:48


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading