Delay in filing return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2011
Hi,
If my salary is taxable and my employer has deducted the tax payable on my salary as well in time (before the closure of the respective financial year) for Ass. year 2010-11 & 2011-12 but, i failed to file return before due date.
However, if I file my returns on 02 Aug 2011 for both years, then, will I have to pay any interest u/s 234 and penalty seperately..
If my salary is taxable and my employer has deducted the tax payable on my salary as well in time (before the closure of the respective financial year) for Ass. year 2010-11 & 2011-12 but, i failed to file return before due date.
However, if I file my returns on 02 Aug 2011 for both years, then, will I have to pay any interest u/s 234 and penalty seperately..
CA Ashwani Agarwal
(Expert)
31 July 2011
For 2010-11, yes you have to pay the interest separately for late filing of return. You have to also pay penalty of Rs. 5000 as your return is filed after 31/03/2011.
For AY 2011-12, you are under no obligation to file your return if your salary is below 5 lakhs and the employer has dedcuted TDS on the same.
For AY 2011-12, you are under no obligation to file your return if your salary is below 5 lakhs and the employer has dedcuted TDS on the same.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Reward for festival
- GSTR9 Annual Return
- Import of Capital Machine
- Gift to nri relatives resides in usa
- TDS Return Statement Status
- RCM and same line
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
