Late filling of it return

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Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2013 can i fill return for FY 2010-11 & 11-12 return on 1/4/2013 as a nil...?

PALASH

PALASH (Expert)
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01 April 2013 PLEASE TRY TO UNDERSTAND THAT, IT RETURN MAY BE NIL & MAY BE TAXABLE & IT IS COMPLETELY IRRELEVANT MATTER & THE ACTUAL NORMS IS ---> FOR F.Y 2010-2011--> YOU CAN'T FILE YOUR IT RETURN , BECAUSE TIME ALREADY EXPIRED ON 31/03/2013. BUT IN CASE F.Y 2011-2012--> YES, YOU CAN FILE YOUR RETURN EVEN AFTER 31/03/2013 & UPTO 31/03/2014, BUT SUBJECT TO A PENALTY OF RS 5000/= FOR LATE RETURN FILING.
Thanking You,
PALASH RAKSHIT.

Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2013 Thanks sir,
but
if i fill return on today for FY 2011-12 so penalty of rs.5000/- is applicable..?

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PALASH

PALASH (Expert)
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01 April 2013 YES , PENALTY APPLICABLE OF RS 5000/= AFTER 31/03/2013 FOR A.Y 2012-2013 , BUT SUBJECT TO THE DISCRETION OF THE ITO/ASSESSING OFFICER & UNFORTUNATELY , IF PENALTY IMPOSED , THEN IN THAT CASE , YOU HAVE TO PROVE YOURSELF BEFORE THE ITO ( THROUGH AN APPLICATION AGAINST ORDER 143(1)) , THAT IT'S NOT AN INTENTIONAL/DELIBERATE MISTAKE WITH PROPER DOCUMENTARY EVIDENCE BUT GENERALLY IT'S NOT HAPPEN ( SPECIALLY NON TAXABLE FILE )AS FAR AS MY EXPERIENCE IS CONCERNED.
Thanking You,
PALASH RAKSHIT.