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Itr iv

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(Querist)
17 October 2011 Can i file the ITR-IV now for the assessment year 2010-11 without any penalty.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
17 October 2011 The time limit for filing Income Tax Return for AY 2010-11 was 31.03.2011. Since, the time period has lapsed, the return cannot be filed now.
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
17 October 2011 ITR 4 for AY 2010-11 can be filed upto 31.3.2012 but a penalty upto Rs 5000 may be imposed at the discretion of the ITO.
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