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Belated return

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(Querist)
30 June 2012 Dear Experts

I am to be filed my IT Return for the FY-2010-11 and at the same time I want to file my Current FY IT Return i.e. FY-11-12

My Query is
1.) My FY-10-11 IT Return if NIL Tax Payable

2.) My FY-11-12 IT Return is Refundable Rs. 50,000

at this time ITO Has any rights to adjust my refund due to penalties for the Be Late Return for the FY-10-11

Please tell
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prateek aanchalia

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prateek aanchalia (Expert)
30 June 2012 not directly adjusted..
dont worry..
for ur benefit D'not filed both IT return at same time..

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