Return filing qurey

This query is : Resolved

AJAY (Querist)
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28 February 2012 Sir/mam,

what is the effective last date for return filing of an individual who is sub. to tax audit. whether that individual can file the return now that is in the month of feb- march 2012 by paying the income tax challan along with interest.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 February 2012 Return can be filed upto 31.03.2012 without penalty.

Return can be filed upto 31.3.2013, but penalty of Rs. 5,000/- may be levied on the assessee.

Guest

Guest (Expert)

28 February 2012 For tax audit penalty is Rs. 100000 /- after due date i.e. 30.09.2011.

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AJAY

AJAY (Querist)
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29 February 2012 THANKS