Can IT Return for AY 2012-13 be filed now i.e. before 31.03.2014? Can it be filed electronically? Can Refund be claimed in such Return?
17 Replies
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 20 March 2014
Dear Rakesh i don't think there is any penalty as you are having a refund from your income tax return. Regards
Tarun Kumar G
(Accountant)
(59 Points)
Replied 20 March 2014
Agreed with Madhavi Pandit
Penalty might be imposed 5k but still its very rare such penalty imposed.
Menka Asnani
(Article Trainee)
(49 Points)
Replied 20 March 2014
Yes, return can bi filed for A.Y. 12-13.
Menka Asnani
(Article Trainee)
(49 Points)
Replied 20 March 2014
Yes, Return can be filed for A.Y. 12-13.
garvit bharti
(CA FINAL)
(370 Points)
Replied 20 March 2014
Yes u can proceed with filing of your return
CA Ronak Garodia
(Qualified Chartered Accountant)
(125 Points)
Replied 20 March 2014
If ur total income exceeds Rs 180000/- without deduction as per chp vi(a) theb penalty of Rs 5000/- u/s 271 f can be imposed....
Girish C Gaikwad
(Chartered Accountant)
(55 Points)
Replied 20 March 2014
Yes, AY 2012-13 return can be filed before 31.03.2014 !!! But as per law Rs. 5000/- penalty can be levied u/s 271F but its rare. As you are filing refund case, penalty is rarest of rare !!! File return elctronically & claim refund !!!
SANJAY RATHORE
(article)
(60 Points)
Replied 20 March 2014
No penalty at all if there is a refund and if there is tax payble than interest will be charged .. nothing else ... I am filling many returns nw a days no such penalty is imposed ... So just file ur return and claim
Ur refund
Amit Kumar
(Chief Accounts Officer)
(183 Points)
Replied 21 March 2014
no penalty will be levied dont worry, i file 100 of such return every year,
SANJEEV KUMAR
(ADVOCATES)
(21 Points)
Replied 21 March 2014
Yes , It can be filed before 31.03.2014 and refund can be claimed, but Rs.5,000/- as penalty might be imposed.
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