CAN AN ASSESSEE FILE THE RETURN FOR P.Y. 2010-11 IN APRIL 2012 FOR CLAIMING THE TDS FOR THAT YEAR 2010-11
capks
(ca)
(23 Points)
Replied 31 March 2012
Belated Return (Sec. 139 (4))
If the return is not filed within the time allowed under section 139(1), the person may before the assessment is made, furnish the return of any previous year at any time before the end of one year form the end of relevant assessment year.
In your case (i.e. P.Y. 2010-2011) Asst. Year 2011-2012
One year form the end of relevant assessment year, end on 31.03.2013.
Therefore, he can file return upto 31.03.2013.
However :
He will be liable for interest u/s 234A
A penalty of Rs. 5000/- may be imposed u/s 271F.