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AY 2007-08 RETURN

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(Querist)
20 May 2008 Sir,

Is it possible for an individual to file his return for the AY 2007-08 now. Does it attract any Penality? If so how much and is it necessary for him to pay that amount also with his self assessment?

Please help me in this regard,

Manikandan.A.V
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
20 May 2008 Yes. It will attract interest on tax payable for the period of default @ 15% per annum

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