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E-filing of return for the ay 2011-12

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2012 Can I E-file the return for AY 2011-12. What are the chances of penalty being imposed.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
31 July 2012 The return for AY 2011-12 can be filed upto 31.03.2013.

Penalty is at the discretion of the assessing officer.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
01 August 2012 if you have taxable income then you should pay penalty as per it act. . if you do not have any taxable income you need not pay interest or penalty
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Taxguy

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Taxguy (Expert)
12 August 2012 First file the return, if not penalty, you will definitely avoid prosecution.

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