02 December 2011
1.yes return of Fy 2009-10 can be filled upto 31-03-2012....no interest u/s 234A and penalty u/s 271F for Rs. 5000 levied if return has nil tax liability.
2. return of FY 2010-11 can be filled upto 31-03-2013....no interest u/s 234A levied if return has nil tax liability.
3. both returns treated as belated return u/s 139(4).you can not file revise return
02 December 2011
"if a person failure to furnish return of income as required by section 139 before the end of relevant assessment year ,the assessing officer may impose a penalty of Rs 5000/-"