28 April 2013
respected sir, i want to file return for ay 2011-12 for bank loan purpose.there is no tax payable.if i file return now whether it attracts any penal provisions? thanking you
28 April 2013
FIRST OF ALL, I WOULD LIKE TO SAY THAT, AS FAR AS IT RULES ARE CONCERNED, AN ASSESSEE CAN FILE HIS RETURN WITHIN ONE YEAR FROM THE END OF IT'S RELEVANT ASSESSMENT YEAR, i.e, for A.Y 2011-2012, YOUR DEADLINE WAS 31/03/2013. SO, AT PRESENT, NOW, YOU CAN'T FILE FOR A.Y 2011-2012. SORRY, VERY SORRYYYYYYYYYYYYYYYYYYYY....
CAclubindia
