30 July 2014
I understand that last date of filing in 31.07.14 but if a person has only salary income and proper tds is deducted from his salary. If he files income tax return after 31.07.14, is their any penalty is due for him?
30 July 2014
If your Tax Liability is Nil you can file belated u/s return u/s 139 (4) even after due date till 31.03.2015 without any penalty. But keep in mind that belated return filed u/s 139 (4) can not be revised.
30 July 2014
if your tax due is NIL then you can file return till 31.3.2015 but you can not file revised return if you not file return on or before 31.7.2014.
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