Penalties on trust & Institutions

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..... , fails to do so within the time prescribed u/s 139(1). a. If total income does not exceeds 5,00,000/- he shall pay, by way of a fee, of Rs. 1,000/-: b. if the total income exceeds 5,00,000/- , he shall pay, by way of a fee of Rs. 5,000/- B. Penalty for late filling As per section 272A(2)(e) If any person fails to furnish the return of income which he is required to furnish under section 139(4A)/ .....

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..... y such person, for the benefit of any person referred to in section 13(3), where the violation is noticed for the first time during any previous year ; and (b) a sum equal to 200% of the aggregate amount of income of such person applied, directly or indirectly, by that person, for the benefit of any person referred to in section 13(3), where violation is noticed again in any subsequent previous ye .....

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..... prescribed under clause (i), or furnish a certificate prescribed under clause (ii) of sub-section (1A) of that section; or (ii) the institution or fund, if it fails to deliver or cause to be delivered a statement within the time prescribed under clause (viii) of Section 80G(5), or furnish a certificate prescribed under clause (ix) of the said section 80G(5). - Manuals - Ready reckoner - Law and .....

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