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17 March 2015 Respected Experts,

I am a salaried employee having taxable income Rs.5,50,000

1)For ay 2013-14 i have not filed income tax return and no tax amount is pending . I have received Compliance from income tax department to submit online Return.

Under which Section do I need to file ITR?



18 March 2015 You need to submit Belated Return u/s 139(4) upto 31.03.2015. Since the return if being filed after the end of relevant AY 2013-14 a penalty of Rs 5000/- u/s 271F may be levied on you by AO. Rs 5000/- is maximum penalty that can be levied after giving assessee a reasonable opportunity of being heard.

You need to file ITR1. If exempted income is more than Rs. 5000/- file ITR2.



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