07 March 2011
Since the last 9 year I am submitting IT Return though it is not mandatory for me and I always remain below the taxable income and my tax is always nill. I filed the last return in Assessment year 2008-2009 online. But I did not file return for Assessment year 2009-2010 and 2010-2011. During these period also my income is below taxable limit.
But Now I need last three years return for some other purpose. My question is If I file now the return for Assessmetn year 2009-2010 online, whether any penalty will be imposed?
CAclubindia
