Return for a.y. 2011-12
This query is : Resolved
01 April 2012
I failed to file the return for A.Y 2011-12, can it will be possible to file the return electronically after 31st mar 2012.
02 April 2012
The return for AY 11-12 can be filed upto 31.03.2013.
However, penalty for delayed filing of return may be levied.
However, penalty for delayed filing of return may be levied.
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02 April 2012
it can be filed yet. penalty will be levied only if any Tax has been payable and not paid.
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03 April 2012
Return for AY 2011-12 can be filed upto 31st Mar, 2013 however as per section 271F penalty of Rs 5000 can be levied for filing of ITR after the end of AY even if the tax is not payable.
03 April 2012
271F. If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.]
139. (1) Every person,—
(a) being a company [or a firm]; or
(b) being a person other than a company [or a firm], if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax,
shall, on or before the due date, furnish a return of his income or the income of such other person during the previous year, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed
Hence, it is optional to file a return whose income does not exceed a maximum amount which is not chargeable to tax. & sec 271F will not applicable to him
139. (1) Every person,—
(a) being a company [or a firm]; or
(b) being a person other than a company [or a firm], if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax,
shall, on or before the due date, furnish a return of his income or the income of such other person during the previous year, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed
Hence, it is optional to file a return whose income does not exceed a maximum amount which is not chargeable to tax. & sec 271F will not applicable to him
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04 April 2012
Agreed with Chintanshah.
04 April 2012
Hi Friends,
The main question that can i file my return electronically now or have to file mannual return.
The main question that can i file my return electronically now or have to file mannual return.
04 April 2012
You cannot file the return either electronically or manually.
You can try and request the ITO to accept the return on 31.03.2012.
You can try and request the ITO to accept the return on 31.03.2012.
08 April 2012
Mr. Bhardwaj, return for AY 11-12 can be submitted either manually or electronically, return for AY 10-11 is time barred and can not be filed.
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10 April 2012
The expert has given you the correct reply and I also agree with this.
14 April 2012
I too agree with the Expert's answer
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