29 August 2013
Sir, My annual Salary/Income is below 1.8 Lacs, from which i am paying Rs. 20000 for PF & Insurance. Upto A.Y. 2009-2010 I have filed my ITR. But after that I have not file any ITR due to my short salary/Income and heavy charged of Advocate for filing each ITR. Is it Necessary to file ITR for Me? Can i file now my old all ITRs. Is there will be any panalty/Interest on me by I.T. department for non filing of ITR?
Please reply, so that i can file my ITR, if necessary.
29 August 2013
1. If your income for all the years BEFORE deduction u/s 80C is LESS than the exemption limit, then you are NOT required to file your return of income.
2. You CANNOT file return for ALL the previous years.
You can file return only for AY 12-13 and AY 13-14.
CAclubindia
