Late income tax return

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2011 i have tds rs-254300-00(two lac fifty four thousands three hundred only) in f.y 2009-2010

and not file it return til date
pl give me details if i file it return current date
1 penalties
2 and can i claim income tax refund
rs 210200-00
as per my books

01 December 2011 yes you can file belated return u/s 139(4)...interest at the rate 1% per month u/s 234A shall be levied from due date till the filling of return.

Penalty u/s 271F shall be levied of rs.5000.

please file return with proper care because belated can't be revised

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2011 but sir i have tds means advance tax why i liable pay intt. on late return


05 December 2011 I am talking about interest u/s 234A...which is levied for late filling of return after due date....in above case you not file return..still sec 234A applicable



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