Return filing

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 December 2011 Can IT return be filed for FY -2009-10 & 2010-11 ,now, i there any penalty, for individuals

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/-"





You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries