Penalty under section 271F

Individuals having income more than the basic exemption limits are required to file Income Tax return before the due date as specified under Income tax act. Two types of due dates are specified for filling your IT return. Individuals who are required to carry on income tax audit u/s 44AB of IT act. Other individuals Individuals coming under the first category are … [Read more...] about Income tax penalty on late filling of IT return – For individuals