HELLO FRIENDS, IF ANYBODY HAS NOT FILED THE RETURN OF AY 2009-10 BUT THE WHOLE TDS IS DEDUCTED AND THE TAX LIABILITY COMES TEO RS. 200 ONLY.
HE IS A SALARIED EMPLOYEE. IF HE FILES HIS RETURN NOW AND PAY THE TAXES CAN THE AO IMPOSE THE PENALTY OF RS. 5,000.
You can not file your return of a.y. 2009-10 because time limit has over now if you want to file your return that you are liable for penalty u/s 271F of Rs.5000.00
yes, you have to pay Rs. 5000/- as penalty
BUT IF THE PERSON INCOME IS BELOW THE EXEMPTED LIMIT THEN HE VCAN FILE FOR AY 2009-10 WITHOUT PENALTY OF RS. 5,000
CAclubindia
