08 January 2011
Yes, you can file without penalty if your income before deduction under chapter VI is below taxable limit. However it is more then taxable limit then A.O. can penalised.
08 January 2011
You can file your return before 31.03.2011 without any question of penalty and whether your income is below or above the taxable limits
Guest
Guest
(Expert)
09 January 2011
Penalty can be levied if there is taxable income for A.Y. 2009-10