Can i file itr for ay 2010-2011 now

This query is : Resolved 

25 October 2011 Can I file ITR for AY 2010-2011 now. Will I have to pay any penalty.

25 October 2011 Yes you can file return upto 31.03.2012..penalty is not levied if you are not under obligation to compulsorily file ITR..such as firm,company required to file compulsorily return..

26 October 2011 What in case of sole proprietorship with no taxable income.


26 October 2011 No penalty , as Return is filed in the name of Individual.

26 October 2011 No penalty u/s 271F for NIL return of Individual/HUF

26 October 2011 You can file the BELATED return.
But u loose the right for REVISED Return



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