Dr. Jones (Director) (253 Points)
21 June 2011Hi,
My uncle will file has AY08-09 return in few days. It turns out that he has tax to be paid for that year.
Few questions:
1. Along with tax, is there any penalty to be paid for late payment of tax?
2. Can he file his AY08-09 return thru E-filing? Or does he have to file at his local Income tax department?
Please let me know.
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 21 June 2011
E Filing portal would not allow your to file return for AY 2008-2009 as you are going to file the return beyond the period stuipulated for belated return. It will throuw you a masssage as "to contact to Income Tax Department for clarification". Even for the physical filing of E return for AY 2008-09, Income Tax department would not accept return.
Regards,
MANOJ
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 21 June 2011
Your uncle cannot file return of A.y. 08-09.... with the permission of income tax department you can file manually....
Yes your uncle liable for penalty....
interest will be charged U/S 234 A,B,C....
for more explanation wait for expert's answer....
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 22 June 2011
Your uncle cannot file return of A.y. 08-09.... with the permission of income tax department you can file manually....
Yes your uncle liable for penalty....
interest will be charged U/S 234 A,B,C....
expert answer
What I understand from your question is this.
PY 2007-08 (AY 2008-09) return of Income will be filed.
You will be making a great mistake.
Deemed concealment gets applicable. Explanation 3 to S 271(1)(c). Then S 147 shall follow.
DO NOT DO IT.
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