Avail 50% discount on all online CA classes for Nov Exam(access till Nov 20th). Use coupon code NOV15

close x
Home > Experts > Income Tax > Belated return u/s 139(4)

Please Wait ..

to your account


Remember Me | Forgot your password?


Sign-up now

Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.

Alternatively, you can log in using:

Belated return u/s 139(4) (Income Tax)

Report Abuse
This query is : Resolved

( Author )
22 August 2011

I have to file a return of an individual(women) for FY 2009-10 & FY 2010-11 u/s 139(4)whose income is Rs.96,000 and Rs.1,20,000 respectively.Whether any interest is required to be paid for filing the return u/s 139(4) ?

CMA. CS. Sanjay Gupta

( Expert )
22 August 2011

No interest payment is required as Tax Liability is Nil. Just go ahead and file the return u/s 139(4).

CA. Nitin Agrawal

( Expert )
22 August 2011

I wish to further add that in case of belated return filed , AO can initiate the penalty proceeding (if GTI exceeding the exemption limit) for not filing the return in due time & C/f of losses and un-absorbed depreciation will not be allowed.



You need to be the querist or approved CAclub expert to take part in this query .

Click here to login ( Members Login ) now

Similar Resolved Queries :


Quick Links

back to the top