income tax return

RAJ KUMAR (FINANCE MANAGER) (1393 Points)

21 March 2010

HELLO FRIENDS, A FEMALE ASSESSEE CAN NOW FILE RETURN OF AY 2008-09

WITHOUT PENALTY OF RS. 5000

HER INCOME IS RS.145000

PLS TELL ME.

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6 Replies

CA Ravish Trivedi (The Possibilities are Infinite...) (772 Points)
Replied 21 March 2010

Yes, return can be filled without penality of Rs.5000 upto 31st march 2010.

bharat (ARTICLE) (86 Points)
Replied 22 March 2010

Agree with Raveesh

CA Saurabh Shukla (Accounts Executive) (223 Points)
Replied 22 March 2010

If GTI More than basic exemption limit:-

For A/Y 2008-09 return can file upto 31 Mar 2009 without any penalty.

After that 5000 Penalty is there. Return can file upto 31 Mar 2010.

If GTI is Less than Basic Exemption Limit:-

For A/Y 2008-09 return can file upto 31 Mar 2010 without any penalty.

sudhir rawal (B.COM/PCC/ARTICLE/'O'LEVEL) (314 Points)
Replied 22 March 2010

agreed with raveesh

vivek singhal (Chartered accountant) (79 Points)
Replied 23 March 2010

Agree wiyh Raveesh if not filling within due date is due to reasonable reason.

CA Saurabh Shukla (Accounts Executive) (223 Points)
Replied 23 March 2010

Dear frds., here Mr. Raj Kumar has not mentioned whether 145000 is his GTI or TI.

So, u can not say he can file return without any penalty.

correct me if i m wrong in above post.......

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