Online return

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 October 2010 Hello!
I have received the FORM 16A from the bank for the year 2009-10 and there is no other income.
Please inform me whether i have to submit my return with ITR 1 or not. And is there any penalty as i have not submitted my return untill now?

01 October 2010 YOu can file itr 1 and claim refund.

Return filed after one year from the end of the financial year may attract a penalty of Rs. 5,000/- not otherwise.

01 October 2010 Agree with Aditya Sir.


01 October 2010 If your income is less than the prescribed limit which is exmpet to tax than you need not to file any return of income and no penal proveesions u/s 271f attracts. If you want to get refund than you may file return.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries