28 July 2013
For AY-2011-12 the time is over for filing belated return also. you can file for AY-12-13 as belated return, but subject to penalty may raise by the department
Querist :
Anonymous
Querist :
Anonymous
(Querist)
28 July 2013
If Liability of AY 2011-12 is nil then department can raise penalty?
28 July 2013
If your income not coming under tax, due to that reason your liability Nil. then no penalty will be come, but you are coming under tax, due to TDS and self assessment tax payment your liability Nil, means there is chance of demand of penalty. in simple words incase you are filing tax paid return also as belated penalty will apply