21 April 2013
i am forget to upload my itr for ay 2011-12 but i deposit my due tax on dated 03/03/2012 can i now upload my itr now and penality of rs. 5000 imposed to me or not. i need ur expert advice
21 April 2013
the penalty of rs 5000 is leviable in case a return is no filed even if your income exceeds the maximum exemption limit not chargable to tax, which was 180000 that year. as u said u deposited the tax that means it was exceeding 180000, hence the penalty is chargable, though you receive the notice or not to deposit the same is upto department. in case of uploading as the transaction will place online, notice could be served.