Belated return

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sanjeev (Querist)
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22 October 2011 I have not filied a return of assessment year -2010-11 and i wants to file in financial year - 2011-12. Also, there is no tax liability to be paid to the Govt as i have to file a NIL Return.Can i file it or i have to pay a penalty of Rs. 5000 or both.....

Please help me out

CA VISHAL RANA,CS,B.Com,AMFI

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
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22 October 2011 Yes you can file belated return u/s 139(4) for the ay 2010-11 till the 31.03.2012....u are not required to pay penalty..condition-:if u are not person,who are compulsorily required to file return such as firm,company.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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22 October 2011 yes you can.don't hesitate.file it without paying penalty of Rs.5000/- for nil return. you have time upto 31st March'2012 as Vishalji said earlier..

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