11 September 2013
DEAR SIR, I WANT TO KNOW THAT CAN I FILE MY FRIEND'S IT RETURN FOR ASSESSMENT YEAR 2010-11,2011-12,2012-13 & 2013-14 WHAT IS THE PENALTY OF LATE FILING OF INCOME TAX RETURN? INCOME IS FROM BUSINESS PROMOTION AND HE DID NOT MAINTAIN BOOKS OF ACCOUNTS HE HAS RECEIVED NOTICE FROM INCOME TAX DEPARTMENT HIS TDS DEDUCTED U/S.194C FOR EVERY YEAR PLEASE GUIDE US THANKS
12 September 2013
he can not file return for AY 10-11, 11-12. but if notice is received for the same then he needs to file in response to notice. penalty up to Rs. 5,000 can be levied.