TDS Deducted but return not submitted

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viveksnvijayvargia (Querist)
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01 May 2009 Hello Frnds

My question is if a person(Salaried Employee) has not submitted his return of income for the AY 2007-08 & 2008-09 as no income tax is due but his employer has deducted the TDS on the same........ may be bcox he hadnt submitted docs as proof for eligible deductions.

So now can he submit his returns and whether he is liable to penalty or not

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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01 May 2009 No penalty is leviable.

But the problem is now the time is over for the assessement year 2007-2008.

For assessement year 2008-2009 you have time. Better you can file immediately.

Being a salaried case and already tds has been deducted the assessing offier will not initiate for penalty.