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Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2014 Good Evening friends,

Can i file my Income Tax Return after Due date,

& Is these any penalty on it.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 July 2014 upto 1 year from the end of ay u can file belated itr.....

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 July 2014 Take for example.
Return of AY 2014-15
After due date belated return can be filed upto 31.03.2015 without any penalty. Belated return can be filed from 01.04.2015 to 31.03.2016 but subject to penalty of Rs u/s 271F. Rs 5000 is maximum penalty and levy of penalty is at the discretion of AO after giving assessee a reasonable opportunity of being heard. He mayor may not levy penalty. No need to pay penalty at the time of filing of return.

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2014 okay, but can i get refund.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 July 2014 yes still u can get refund go ahead.