HELLO FRIENDS, IF MY INCOME IS 300000
AND MY EMPLOYER HAS DEDUCTED TDS CORRECTLY FOR THE AY 2008-09
BUT I HAVE NOT FILED THE RETURN.
IF I WANT TO FILE THEN THE AO CAN IMPOSE PENALTY OF RS. 5000 OR NOT
CAN I FILE OR NOT
5 Replies
megha
(Working )
(71 Points)
Replied 08 March 2010
Yes, u can file the return . no interest or penalty would be leviable if all the due tax had been paid. you can file your return as belated return u/s 139(4) . Do it before 31st March
CA Rahul Jain
(CA)
(1162 Points)
Replied 08 March 2010
for AY 2008-09 the last date was 31-03-2009.
ur GTI is well above the exemption limit, so there will be a penalty of rs. 5000 for delay.
Dintakurthi Tirumala
(CA FINAL)
(15994 Points)
Replied 08 March 2010
Yes, u can file u r return on or before 31-3-2010. then AO didn't impose any penality otherwise he can
OM SAI SRI SAI JAI JAI SAI
C.Balaji
(Learner)
(1867 Points)
Replied 08 March 2010
The A.O. may impose penalty.........
Belated Return - A.Y. 08-09 - 31.03.2010 is the last date.........
You can file the return now.........
Bala
(Student)
(498 Points)
Replied 08 March 2010
No penalty if return is filed within 31.03.2010... otherwise Rs.5,000/- penalty u/s 271F..
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