11 April 2014
hello sir / madam
I want to know that can income tax return for income from other sources for a.y. 2012-2013 and a.y. 2013 - 2014 filled manually? is there any penalty occurred? if yes then in return
same shall be mentioned or
not? kindly advice.
Thanks.
11 April 2014
the penalty can be levied for late filing. but its not to be incorporated in the return. it is payable only if the AO levies it. even for that AO gives you opportunity to defend non-levy of penalty.
with regards to manual return, it shall depend on Rule 12.