Last date for filling itr a.y.2013-14

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Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2015 PLEASE TELL IF WE CAN FILE ITR FOR A.Y.2013-14 TILL 31-03-2015 OR NOT

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 March 2015 yes till 31.3.2015 for ay 13-14 belated return under sec 139(4) is allowed provided no assessment is completed by ao

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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16 March 2015 Since the return is filed after the end of relevant AY i.e., after 31.03.2014 a penalty of Rs 5000/- may be imposed u/s 271F. Rs. 5000/- is the maximum penalty. Levy of penalty is at the discretion of AO after giving assessee a reasonable opportunity of being heard.

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