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Income tax return for 2 years

29 June 2013

An individual haven't filed income tax return for 2 years i.e A/Y 12-13 and A/Y 13-14. Now, can he filed return of a/y 12-13 without any penalty if his income for that year was nil? Please suggest..

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6 Replies

CA. Kuldeep Singhi (Entrepreneur) (424 Points)
Replied 29 June 2013

Penalty is required to be paid even if the income is nil

ankit sahal (STUDENT) (21 Points)
Replied 29 June 2013

PENALTY IS NOT PAID AS PER INCOME TAX LAW IS TAX IS NIL.

Kamidi Srisailam (Accounts Manager) (26 Points)
Replied 29 June 2013

penalty is not required if nil return

CA Apoorva Gaurav (CA) (368 Points)
Replied 29 June 2013

No penalty at all...

CA Vinay parmar (Chartered Accountant) (1318 Points)
Replied 29 June 2013

No penalty will be liable for AY 12-13

1 )why you want to file return when the income for that year is nil.

2) even if you want to file the return for A.Y 2012-13, the last due date was 31st march 2013, now you cannot upload the return on line for A.Y.2012-13, you have filr physically.

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