Filing itr after due date

This query is : Resolved

Harendra (Querist)
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05 April 2014 Dear Sir, I want to file ITR-4S for my wife fir assessment year 2012-13 and 2013-14. income is from turion fees etc. and is not taxable. will there be any penalty for late filing. Note: income is within exemption limit.

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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05 April 2014 Hi Harendra,

The last date for filing ITR for AY 2012-13 (FY 2011-12) was 31.3.2014.

Hence you can not file return for the said AY.

You can file ITR for AY 2013-14 uptill 31.03.2015.

And as income is within exemption limit, there is no penalty for late filing of ITR.

Regards,
Devanand