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<h1>Penalty of ₹5,000 for late income tax return filing under specified provisions before assessment year 2018</h1> A person required to file an income tax return under the specified provisions must submit it before the end of the relevant assessment year. Failure to do so allows the tax authority to impose a penalty of five thousand rupees. This penalty provision does not apply to returns for assessment years beginning on or after April 1, 2018. The section has undergone several amendments since its inception, adjusting the penalty amount and applicability over time.