Belated return

This query is : Resolved 

01 September 2010 What would be the last date for filing of Return for the financial year 07-08 u/s 139(4) i.e. Belated return

Please guide...

01 September 2010 Last date was 31.03.10 for belated return
As per section 139(4) if return is not furnished within allowed time before the assessement made, at any time before the end of one year from the date of relevant AY.

A penalty of Rs. 5000/- may be imposed under section 271F if belated return is sublitted after the end of AY.

01 September 2010 Thanks sir for ur guidance.

Sir it meant if return is filed after 31.03.09 (for FY 07-08) is penalty leivable.


01 September 2010 AGREE WITH EXPERT Chandan Singh .
AND FOR YOUR 2ND QUERY , PENALTY WILL BE LEVIABLE IF FILED AFTER THE END OF ASSESSMENT YEAR.

01 September 2010 yes, it attract panel interest U/S 234, Penalty of Rs 5000/- U/S 271F

01 September 2010 Thank you sir..

Is penalty leviable even return is below taxable limit.

01 September 2010 at the option of the A. O.



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