FEES FOR LATE FILING OF RETURNS Earlier, we were allowed up to two years from the end of a particular year to file returns for that year's income. If you did not file returns even after the expiry of two years, the tax officer could, at his discretion, levy a penalty of ₹5,000. RULES FOR [...]The post Budget Says File Your Returns on Time Now! appeared first on Chartered Accountant and Consulting Services in Chennai.
