income tax return asst year 2009-10

Hi,

Return filed after completion of assessment year, penalty may be imposed for Rs.5000/- hence in your case, if return for the f.y. 08-09 is not filed on or before 31.03.10, penalty may be imposed. Further if there is no tax payble, interest will not be charged as the interest is calculated on the tax payable.

but sir company has deducted tds & there is no tax payable, in this case penalty will be charged or not

hi,

yes, penalty will still be charged