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Income tax return

CA Abhishek Banka (Accounts & Finance Manager) (108 Points)

24 March 2012

Can Income Tax Return for F.y 2008-09 A.y 2009-10 be filed now? Total Income for F.Y 2008-09 is 695173/-(only salary income) on which full tds was deducted. So no tax payable or refundable.

What will be interest or Penalty if filed now?

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8 Replies

CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)
Replied 24 March 2012

No it is not possible to file the return for the A.Y 2009-10.

You can file A.Y 2010-11 before 31st March 2011.

Thanks

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CA. Tushar Mittal (CA Professional in Practice) (73 Points)
Replied 26 March 2012

You can file Offline Income Tax Return for the A.Y. 2009-10. There is a penalty of Rs. 5,000 for filing of return after the end of Relevant Assessement year

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CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)
Replied 26 March 2012

yes u/s 271f 5000/-

Rajiv Kumar (Manager) (23 Points)
Replied 26 March 2012

I want to file my income tax return for AY 2009-10 and I went to income tax office for filing late return with penalty. but no one is accepting my return. Please guide me.

Rajiv Kumar (Manager) (23 Points)
Replied 26 March 2012

In continuation to earlier post, i would also like to add that the total TDS has also been submitted by my employer to income tax department. I am a salaried employee and working in PSU. Please guide me so that I can submit the same with penality. where to submit the ITR? What are the documents needs to be submitted alongwith ITR-1? Is it possible to submit my post. My companies headquarter is in Delhi and currently I am working at their Noida office.

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CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)
Replied 26 March 2012

ya they wont accept your return if you want you can talk to the income tax officer.

Rajiv Kumar (Manager) (23 Points)
Replied 26 March 2012

as per procedure and guidlines, whether, i can submit my ITR for AY 2009-10 or not. Is there provision in the rules to accept my ITR or not? or i am fully dependent on the discretion of income tax officer.