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Late filing of itr

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 May 2013 Respected Sir,

I need to know that can i file my nil income tax return for fy 2010-11 (ay11-12) now? Is there any penalty for the same?
THANKS & REGARDS

03 May 2013 The income tax return for the financial year 2010-11 can not be filed now in any case.
The Last date on which it could have been filed was 31st March 2013.

03 May 2013 you not clearified the purpose for lateness and that too wil nil income.AFTER THIS SUITABLE reply can be given.


03 May 2013 Late Filing of return is always a purposeful filing and it is not necessary to know the purpose What is necessary is that the time to file such a return has expired now.

14 June 2013 You want to file NIL return but why when there is no income how can you file the return forget about whether there is time or not. What you want to prove by filing NIL return is not known. The expert has rightly said that to file online return for 2010 has already expired and you have missed the bus. So you cannot file the return.

In case your TDS or you have paid advance tax for that particular year then yes you can file your return for claiming refund and that is to be filed physically. The refund will be granted by ITO if the refund is below 10,000 but if it is more than it is to be examined by CIT and then the refund can be granted.

14 June 2013 RESPECTED AGARWAL SIR THE ASSESSEE HERE MEANS ZERO TAX RETURN FILING BY SAYING NIL FILING....
MANY A PERSONS DO SO IN CASE THEY DESIRE TO OBTAIN LOANS OR FOR SUBMITTING A RETURN SOMEWHERE...
BUT YOU ARE RIGHT THAT THE TIME LIMIT HAS EXPIRED NOW..



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