22 October 2011
I have not filied a return of assessment year -2010-11 and i wants to file in financial year - 2011-12. Also, there is no tax liability to be paid to the Govt as i have to file a NIL Return.Can i file it or i have to pay a penalty of Rs. 5000 or both.....
22 October 2011
Yes you can file belated return u/s 139(4) for the ay 2010-11 till the 31.03.2012....u are not required to pay penalty..condition-:if u are not person,who are compulsorily required to file return such as firm,company.
22 October 2011
yes you can.don't hesitate.file it without paying penalty of Rs.5000/- for nil return. you have time upto 31st March'2012 as Vishalji said earlier..
CAclubindia
