21 December 2013
Yes you can file return upto 31.03.2014 but a Penalty of Rs 5000 may be levied u/s 271F.
Section 271F says---
If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.
21 December 2013
The penalty mentioned is at the discretion of AO but if he is satisfied that there were genuine reasons for not filing return time u/s 139(1) then AO may not impose such penalty.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
21 December 2013
SIR ITS A NIL I.T.RETURN FOR THAT YEAR...SO NOW IF I FILE NOW SO PLEASE TELL ME UNDER WHICH SECTION I CAN FILED IT..??
21 December 2013
You can file belated return u/s 139(4).
Querist :
Anonymous
Querist :
Anonymous
(Querist)
22 December 2013
OK...BUT WHEN I DOWNLOAD FORM FROM SITE IT SHOWS COMPILER ERROR WHEN I GO TO FILL IT...THATS WHY I AM NOT ABLE TO VALIDATE THAT PARTICULATR SHEET..??