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can a refund return be filled late ?

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(Querist)
21 July 2009 hi
can a refund return be filed late..? will there b any penalty for it..?
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
21 July 2009 No. It can be filed upto 31st March. No penalty shall be liable.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
21 July 2009 My above answer was for if return is filed within the assessment year. If it is filed as a belated return upto 31st March of next assessment year, then penalty shall be leviable and be adjusted with the refund amount.
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Preeti

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Preeti (Querist)
21 July 2009 sorry, i didnt get u... for ay 2009-10 if i file late return tht means after 31-07-2009 then panalty will be leviable?
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
21 July 2009 upto 31/3/2010 no penalty.
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Preeti

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Preeti (Querist)
21 July 2009 ok thanks
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saurabh

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saurabh (Expert)
21 July 2009 yes, a refund return can be filed late i.e. between 31-07-09 and 31-3-2010. After 31st March, Penalty Of Rs 5000 will be payable

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