I want to know that if i file belated return voluntarily for AY 2012-13. Tax has been correctly deducted as per TDS. Do i need to pay penalty of Rs 5000/-.
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Belated return
Replies (4)
better no need to pay...if department sends notice only u pay.....nobody use to pay penalty and no notices used to come from department... :D
If your tax liability is NIL than no penalty will be levied..You can file return up to 31/03/2014 without any penalty if you tax liability is NIL.
You need not worry. As you have still time to file your return upto 31 st march.2104. Furthe in case of NIL return there i no penalty. regards
Dear Sonika,
You can file your return upto 31st march 2014. As far as penalty is concern you not need to pay indepensently any penalty however payment of any penalty will be done only when department will demanded.
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