Penalty for delayed nil return

This query is : Resolved 

11 July 2013 I had income below the taxable slab in the a.y 2011-2012 so I didn't file my retun.I want to file my return for that particular year now i.e in a.y 2013- 2014. Can I do so. If yes then will I be charged any penalty for that.

11 July 2013 No you can not file the return for Assessment Year 2011-12 as the same is time barred. The last date was 31.03.2013.

11 July 2013 Since it is time barred hence you can't file it now.



24 August 2013 If there is refund in below taxable return then yes you can file it otherwise not. The refund below 10000 is granted fast and by the ITO but the above refund is processed by CIT and it takes time. You have not clarified this issue



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