Kapadia Pravin 18 September 2019
Chances of extension are good but still it's a risk Wait for a week for any development /announcement
Penalty that is late fee depends upon total income upto 5 lakhs = Rs 1000 and above 5 lakhs = 5000/-
(if filed before 31-12-2019 )
And after that 5000/- becomes 10000/- upto 31-3-2000.
For late filing of Audit report under 44AB , high penalty is there .