can a refund return be filled late ?

This query is : Resolved 

21 July 2009 hi
can a refund return be filed late..? will there b any penalty for it..?

21 July 2009 No. It can be filed upto 31st March. No penalty shall be liable.

21 July 2009 My above answer was for if return is filed within the assessment year. If it is filed as a belated return upto 31st March of next assessment year, then penalty shall be leviable and be adjusted with the refund amount.


21 July 2009 sorry, i didnt get u... for ay 2009-10 if i file late return tht means after 31-07-2009 then panalty will be leviable?

21 July 2009 upto 31/3/2010 no penalty.

21 July 2009 ok thanks

21 July 2009 yes, a refund return can be filed late i.e. between 31-07-09 and 31-3-2010. After 31st March, Penalty Of Rs 5000 will be payable



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