Nil return

RAJ KUMAR (FINANCE MANAGER) (1393 Points)

29 March 2012  

HELLO FRIENDS, MY CLIENT HAS AN ANNUAL INCOME OF RS. 2,00,000 FOR AY 2011-12. BUT HIS SAVINGS ARE RS. 50,000. THEREFOR NO TAX LIABLITY ON HIM.

I WANT TO ASK IN THAT CASE HE CAN FILE RETURN EVEN AFTER 31-03-2012 ALSO.

CAN AO ISSUE NOTICE OF RS. 5,000 PENALTY IN THIS CASE ALSO.

PLS. HELP ME.

THANKS.