CA Shirish Prakash Biman (Shirish Biman & Company) (129 Points)
11 December 2010Plz let me know whether there is any penalty for Late filing of NIL Income Tax Return ....
Can I file the return or Is there any penalty for filing nil return of income tax for AY 2009-10.
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 11 December 2010
NO Penalty For NIL Retrun. For A.Y. 2009-10. Last Date Without Penalty Was 31/03/2010.
But Since There is NIL Return Hence No Penalty Levied
Parshu
(CA Final)
(84 Points)
Replied 11 December 2010
No Penalty for filing return having NIL Income Tax.The last date for filing is 1 year from the end of relevent assessment year
Dheeraj
(Learner)
(1100 Points)
Replied 11 December 2010
agreed with parshu....
nil return can be filed upto 31/03/2011
CS LLB Pulkit Gupta
(https://www.facebook.com/pages/Life-and-Promises/553962034682487)
(16631 Points)
Replied 12 December 2010
| Originally posted by : Parshu | ||
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No Penalty for filing return having NIL Income Tax.The last date for filing is 1 year from the end of relevent assessment year |
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| Originally posted by : AYUSH AGRAWAL | ||
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NO Penalty For NIL Retrun. For A.Y. 2009-10. Last Date Without Penalty Was 31/03/2010. But Since There is NIL Return Hence No Penalty Levied |
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Gulshan Kumar
(Professional Accountant)
(119 Points)
Replied 17 December 2010
No penalty of filing of NIL IT return.
Rahul
Raj Chitroda
(Accounts)
(325 Points)
Replied 18 December 2010
R M Malhotra
(A M)
(61 Points)
Replied 23 December 2010
Can an Individual file ITR -4 for F.Y. 08-09 up to 31st March 2010 ?
If not then why DIT allowed filing ITR for the same
Thanking you
CA Deepesh Ruhela
(Keen to Learn)
(3271 Points)
Replied 23 December 2010
Yes u can file return upto 31.03.2011 i.e. 1 year from the end of relevant AY or before the completion of assessment whichever is earlier u/s 139(4).
Regard
CAclubindia
