sathish (Senior Enginner) (25 Points)
29 August 2014Dear Experts
I am salaried employee. My employer deducted IT from my salary and paid to IT department. It is Rs.12000 more than the IT Isuppose to pay. Hence i have to get the return by efiling.I have not efiled my ITR till now for the year 2013-2014 which I should have filed 31st July2014. My query is if I efile now will I get same refund or any penality will be deducted. Till when I can efile the same?.
Anubhav
(Chartered Accountant)
(429 Points)
Replied 29 August 2014
Hi,
No penalty for late e-filing.
Only interest will be levied u/s 234A @ 1% per month exceeded thedue date, on the net tax amount after tds.
For any further query PM or mail us.
AJH & CO.
info @ ajhco.in
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 29 August 2014
I agree with anubhav, no penalty.
You can happily file the return now. you will get the amount of refund.....
But in my opinion since you have refund to claim, no int will be charged u/s 234A
shilpi garg
(M.Com)
(50 Points)
Replied 29 August 2014
venkatesh
(ca and icwa)
(86 Points)
Replied 29 August 2014
Accounting Home Services
(Finance Executive )
(733 Points)
Replied 29 August 2014
agree with yanktesh sir interest does't matter in refund case (salaried employe)
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