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can i file tax return for FY2008-09 now

josh (IT) (256 Points)

20 March 2011

Folks,

Greetings !

I havent filed tax return for Financial year 2008-09 , can i file it now. ? is there any penalty for filing tax return late and what is the rate/charges ?

Thanks

josh

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2 Replies

Athmaram (Articled Assistant) (170 Points)
Replied 20 March 2011

The last date for filing the belated return for the FY 2008-09 is 31.03.2011.

If you arrive at any tax liability then interest u/s 234 A, B & C will be applicable as the case may be. A part from this no other penalty is applied.

Thanks & Regards

Ram.

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CA.SKR (CA; CS-Final (One Group); DISA (ICAI); Insolvency Professional) (442 Points)
Replied 20 March 2011

Originally posted by : josh
	Folks, Greetings ! I havent filed tax return for Financial year 2008-09 , can i file it now. ? is there any penalty for filing tax return late and what is the rate/charges ? Thanks josh

Yes, you can file ITR for FY:2008-09 (AY:2009-10) till 31st March 2011. This ITR could have been filed without penalty of Rs.5,000/- upto 31.03.2010. If filed after 31.03.2010 but till 31.03.2011, ITO may impose a penalty of Rs.5,000/-. It can not be filed after 31.03.2011. Hence act fast. Professional fee for filing ITR depends on which ITR Form is to be filed.

Thanks,

CA. Satendar Kumar