30 August 2012
hello sir.. i have a quiry. return relating to a/y 11-12 can be filed with 31st march 2012 only. after that penaly clause of rs 5000 is there. i wanna knw there is one client who wants to submit his return required for loan purposefor a/y 2011-12 now. it is below taxable return.is he still liable for penaly.