Return filling
This query is : Resolved
15 October 2014
Dear sir,
I have not filled return for fy 2011-12,2012-13 & 2013-14, my tds deducted U/s 194h for fy 2011-12 Rs.3000, 2012-13 Rs.20000, 2013-14 Rs.24000, Please suggest What form should i file and how much interest i have to pay u/s 234A?????
I have not filled return for fy 2011-12,2012-13 & 2013-14, my tds deducted U/s 194h for fy 2011-12 Rs.3000, 2012-13 Rs.20000, 2013-14 Rs.24000, Please suggest What form should i file and how much interest i have to pay u/s 234A?????
16 October 2014
As per section 139(4) of income tax act, if a person has not furnished the return of income within the time allowed under the section 139(1)or within the time allowed under section 142(1) then the return can be filed at any time before the expiry of 1 year from the end of the relevant assessment year or before the completion of assessment whichever is earlier.
For FY 2011-12 return can't be filed as the time allowed is over.For the FY 2012-13 return can be filed upto 31st March 2015.Where return of income is filed after the due date, interest u/s 234 A will be payable. But if the tax has been deducted from the income of the assessee or advance tax has been paid by the assessee and there remains no tax to be paid after such T.D.S or advance tax then no interest is levied u/s 234A for filing the return after the due date.For the FY 2013-14 you can file the belated return till 31st March 2016. You should file ITR 4
For FY 2011-12 return can't be filed as the time allowed is over.For the FY 2012-13 return can be filed upto 31st March 2015.Where return of income is filed after the due date, interest u/s 234 A will be payable. But if the tax has been deducted from the income of the assessee or advance tax has been paid by the assessee and there remains no tax to be paid after such T.D.S or advance tax then no interest is levied u/s 234A for filing the return after the due date.For the FY 2013-14 you can file the belated return till 31st March 2016. You should file ITR 4
Message likes :
1 times
16 October 2014
Thank you sir your answer is perfect and best......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
