959(Income Tax ) What is the penalty for filing late return - TopicsExpress

959(Income Tax ) What is the penalty for filing late return ?(Practical) Narration - By Amlan Dutta Solution - https://youtube/watch?v=9O2z8V00o-o Let us assume that previous year for myself is 2013 14 ..and the assessment year therefore is 2014 15 Now say i have FD interest income of 10 lakhs on which bank has deducted TDS at 10 % i.e 1 lakh ...for the previous year however as per tax slabs , the tax applicable is 1.33 lacs I have not paid advance taxes and even missed my due date of 31st July 2014 i wake up from my slumber on september Now i decide to file return What will the maximum penal interest and maximum penalty that can be applied on me All this and more in the tutorial as you learn a thousand concepts ! Humble regards , Amlan Dutta

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