income tax return for 2007-08 financial year

This query is : Resolved 

19 April 2010 a private limited company missed to file income tax return for a/y 2008-09 and 2009-10.

is it possible to file that now and any penalty applicable?

19 April 2010 you can file belated return for A.Y. 2009-10 up to 31/3/2011 penalty of rs. 5000/- payable when demand issued.

as per my opinion not possible for A.Y. 2008-09.

19 April 2010 Belated return not possible for A. Y. 2008 - 09 as it is time barred. Belated return for A. Y. 2009-10 can be filed up to 31st March, 2011.
Penalty u/s 271F upto Rs. 5,000/- may be imposed if any tax payable outstanding




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