i have to file an income tax return for AY 2011-12 ( FY 2010-11),
so, please tell me....
1) last date for filing this return,
2) any Interest & panelty which i have to pay for filing this return,
Plzzzzz rplyyy..........
13 Replies
varun
(article assistant)
(86 Points)
Replied 31 August 2012
Interest u/s 234 A is applicable at the rate of 1% per month for late filing. if the tax is above Rs. 10000 interest u/s 234 B & 234 C will be applicable.
CA Gnanika
(CA )
(485 Points)
Replied 31 August 2012
Due date for filing income tax return for AY 2011-12 is 31.07.2011
Last date for filing income tax return for AY 2011-12 is 31.03.2013
Now you can file belated return with interest u/s 234.
Calculations/ Appilicablilty of interest u/s 234A,B ,C will vary depending on the tax liablity.
In case of nil return or refund even interest u/s 234A will not apply.
Shridhar Shah
(Chartered Accountant in Practice)
(172 Points)
Replied 31 August 2012
You can file return by 31.03.2013 & you will not be able to revise it.
vishal jain
(Semi-Qualified CA)
(101 Points)
Replied 31 August 2012
thnx for ur rply....
actually mujhe lga ki last date 31.03.2012 hai iske liye....
and mujhe return NIL ki bharni hai...
return file karte wakt ..BSR CODE KI JARURAT NHI PADEGI NA.......
CA Gnanika
(CA )
(485 Points)
Replied 31 August 2012
BSR CODE will not be required to file nil return.
it will be required only when you are liable to pay tax.
vishal jain
(Semi-Qualified CA)
(101 Points)
Replied 31 August 2012
Again thnx.... achhaa, mai business income show kar sakta hu na, actually hmari shop hai,
aur assessee UP ka hai...
return delhi me file sakti hai na......
Shridhar Shah
(Chartered Accountant in Practice)
(172 Points)
Replied 31 August 2012
Vishal,
You need to file ITR 4 / 4S as the case may be if you are showing business income. You have not stated the sources of income, without which it is difficult to identify your AO.
BSR code is only applicable when you have paid advanced / self assessment tax.
vishal jain
(Semi-Qualified CA)
(101 Points)
Replied 31 August 2012
shridhar sir,
actually, assessee ki shop hai sweets ki UP me...
and LOAN chahiye, isliye return file karni hai...
Shridhar Shah
(Chartered Accountant in Practice)
(172 Points)
Replied 01 September 2012
You can file ITR 4S for him and the jurisdiction will be the place of business of the assessee. If you are preparing full BXS, P&L for him, than you may file ITR 4 too.
vishal jain
(Semi-Qualified CA)
(101 Points)
Replied 02 September 2012
shridhar sir,
full Balnce sheet & profit & Loss A/c nhi bna rhe hai hum....
In this return, i m going to show all the income comes from business,
Now, pls tell me....
1).....how to identify AO......??
2).....business income show karne par koi problem to nhi hogi na.....??
Shridhar Shah
(Chartered Accountant in Practice)
(172 Points)
Replied 03 September 2012
Vishal,
Please check details required for ITR 4S. You need to have those details ready.
Also from NSDL site you can find AO. or if the address is same as registered with PAN, you can check AO after login on income tax efiling portal.
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 03 September 2012
one can file a belated return with in one year from end of relevent ay
due date is 31/03/2013,and u cannot revise it
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