Vijay Kr. Mishra (prop.) (576 Points)
30 September 2009
An individual person filed his First ITR for the assessment year 2009-2010 on 30-July-2009. Can he file his ITR for the assessment year 2008-2009, after filing his ITR for the assessment year 2009-2010, without the fear of Penalty of Rs.5000/- as per Section 234A of Income Tax Act ?
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 30 September 2009
The time linit for filing of the income tax return is one year from the end of te A.Y. i.e. 1 year from the A.Y. 2008-09 will be 31.03.2010. Hencethe due date for the return of A.Y. 2008-09 will be 31.03.2010.
Thanks,
Sunil
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 30 September 2009
Yes, He can file it upto 31.03.2010. The levy of penalty of Rs.5000/- is not your matter. It shall be payable only if Assessing offices imposes it. But filing can be done. No issue at all.
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 30 September 2009
yes, u can file it upto 31.03.2010.
Govind Inani
(Business)
(203 Points)
Replied 13 October 2009
Yes he can file his ITR for the assessment year 2008-2009, after filing his ITR for the assessment year 2009-2010.
As far as penalty is concerned, It is levied only if Assessing offices imposes it, and that is also after expiry of one year from the end of relevant assessment year which is 31-03-2010 in your case.
praveen
(Chartered Accountant)
(6971 Points)
Replied 13 October 2009
you can file the return.
if you are using any software check the section under which you are filing the return.
But validity of such a return - even i am in confusion.
Vikas Yadav
(CA)
(46 Points)
Replied 08 January 2010
Yes,he can file the ITR for 2008-2009,however peanlty is imposed if the income is taxable
CAclubindia
