Late filling of income tax return

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Maulik Shah (Querist)
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23 March 2013 hello frndzz...........,

during F.Y. 2009-10 and 2010-11 my tds has been deducted by banks but till date i have not filled return and my income was always below taxable limits..........

so my question is, can i now file return claiming a refund
and would this attract penalty u/s 271 f of Rs.5000 since it is not mandatory for me to file return..........

PALASH

PALASH (Expert)
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24 March 2013 Dear Maulik Shah,
First of all , I would like to say that, YES , You can file your IT return through online FOR F.Y 2010-2011 Only , & for f.y 2009-2010 --> No, you can't , because time already expired . Practically I got many refund orders ( i.e, Intimation order u/s 143(1) )for f.y 2010-2011 during last 3-4 months without imposing any penalty of Rs 5000/= by CPC BANGALORE.
So, my humble request to you, that without wasting any time ,
1) Immediate file your return through online for f.y 2010-2011.
2) before filing , first you check 26AS & PUT Exact amount of TDS IN ITR FORM as reflect in 26AS FOR THAT F.Y.
3) SIGN ON IT.
4) IMMEDIATE SEND THE SIGNED ITR-V TO CPC BANGALORE ADDRESS WITH SPEED POST & Don't mention " Post Bag No. 1 " in case of speed post.
5) waiting for 143(1) order.
so, comeeeeeee on maulik ,
Thanking You,
PALASH RAKSHIT.

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Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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24 March 2013 Yes, now you can file your F.Y 2010-11 return of income only and has to file on or before 31-3-2013 because of due date for belated return of F.Y 2010-11 u/s 139(4) is 31-3-2013 as well as for F.Y 2009-10 is 31-3-2012 it already over so you can't file f.y 2009-10 return now. In case if you received any 142(1) notice from IT department then you can file f.y 2009-10 u/s 142(1) with in the time stipulated on that notice.

So now you can file F.Y 2010-11 return of income only and the time available to file such return is upto 31-3-2013. You can file it through online or manual choose what you want to file and do it immediately.

And for your case no penalty will be levy.

OM SAI SRI SAI JAI JAI SAI

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Maulik Shah

Maulik Shah (Querist)
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24 March 2013 ok thanks a lot sir, it really helped

PALASH

PALASH (Expert)
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24 March 2013 Dear Maulik,
PLEASEEEEEEE DON'T GO FOR MANUAL RETURN IF THERE IS ANY REFUND CASE & ALWAYS GO FOR E-FILING FOR REFUND CASES BECAUSE , AS FAR AS MY EXPERIENCE IS CONCERNED, WITHIN 4-5 MONTHS , CPC BANGALORE WILL GIVE YOU REFUND WITH INTEREST THROUGH ECS SYSTEM .
Thanking You,

PALASH RAKSHIT.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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24 March 2013 Yes, to get the quick an fast refund i also suggest efiling.

OM SAI SRI SAI JAI JAI SAI