19 July 2010
Dear All, There is a refund of rs 7400 as per form 16 for A.Y 2009-10. But it was not filed .Now I have to file the belated return.What is the procedure and Is there any interest and penalty for this?
19 July 2010
There is no separte procedure for filing of belated return.
At the time of filing of return , in column " Return filed u/s Section " , you have to select 12-u/s 139(4). In case of refund, no interest. Penalty may be imposed later by AO. Hence only filed return u/s 139(4)
CAclubindia
