Hi friend,
Could any one please tell me, Where an assessee can NOW file his income tax return for A.Y 2009-10. Although he doesnot have any tax payable because of TDS, So is there any Interest obligation??
10 Replies
Shivam
(CA Final student)
(159 Points)
Replied 08 August 2010
last date was 5 of august....... ab nxt yr ek saath 2 yr ki file karna.....
Shivam
(CA Final student)
(159 Points)
Replied 08 August 2010
/forum/limited-liablity-partnership-98007.asp
chekd out dude.....
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 09 August 2010
Yes return for AY 2009-10 can be file upto 31-03-2011 but there is a clause of penalty of Rs. 5,000/-
Mukul
(CA)
(72 Points)
Replied 09 August 2010
Assesseecan file return upto 31.3.2011 for A/Y 2009-10.
But there is penalty of Rs.5,000/- if GTI exceeds exemption limit.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 09 August 2010
Dear Shivam
The question being asked is for F. Y. 2008 - 09 relevant to A. Y. 2009 - 10 whose due date was 31st July, 2009 and not 05th August, 2010. Actually it was 04th August, 2010 for A. Y. 2010 - 11 and not A. Y. 2009 - 10.
Dear Krishna
Penalty upto Rs. 5,000/- can be levied by the A. O. u/s 271F.
The return of income will have to filed with your normal Income Tax Ward officer and there would not be any interest u/s 234A, 234B or 234C as there is no tax payable and refund of tax is there.
CA Arindam Sain
(Practice)
(308 Points)
Replied 09 August 2010
So Aditya sir,
u r telling that i can file return without paying Rs5000/- and after that if A.O asking for penalty...i would have to pay at that time ??
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 09 August 2010
Yes u can file without paying the penalty.
However for the penalty u can always contest that no tax was outstanding and take a lenient view to not to levy penalty if demanded by the A. O.
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