Return
This query is : Resolved
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.
Can i file my Income Tax Return after Due date,
& Is these any penalty on it.
23 July 2014
upto 1 year from the end of ay u can file belated itr.....
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.
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.
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2014
okay, but can i get refund.
24 July 2014
yes still u can get refund go ahead.
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