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Tds claim

This query is : Resolved 

16 April 2013 my one friend doing consulting. his client has deducted tds & issued certificate for the FY 11-12 AY 12-13 . but he does not file Income tax return for that can he file now income tax return for FY11-12.

16 April 2013 IT return can be filed upto 31st march 2014. But Sec 271F penalty of rs5000/- may be applied.

16 April 2013 The return of income for A.Y 2012-13 can be file upto 31-3-2014. But if the return filed after 31-3-2013 then AO may levy penalty of Rs.5000 u/s 271F. But your case is TDS refundable case so penalty also not levy on you.

OM SAI SRI SAI JAI JAI SAI


16 April 2013 If the return filed after 31-03-2013,AO may levey penalty irrespective of refund or tax payable.



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