Penalty for filling return for ay 2012-2013

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Hi Folks,

Please advise is there any penalty if I file income tax return for the FY 2011-2012 (AY 2012-2013) , AND ALSO PLEASE ADVISE WHAT WAS THE LAST DATE .

My total income was at that time was 2.7LPA +Bank intrest and nothing else , I am having 16 B form issued by the company in which I there in that periodsad

Replies (9)
Last date was 31 July 2012.You can file Belated return upto 31 march 2014.

You can file your return upto one year from the end of the A.Y.

In your case the last date for the filling return for the A.Y. 2012 -13 is 31/03/2014.

Originally posted by : CA Vinay parmar

You can file your return upto one year from the end of the A.Y.

In your case the last date for the filling return for the A.Y. 2012 -13 is 31/03/2014.

yes agreed as per sec 139 (4) llast date is 31.3.2014 for filling return for AY 2012-13.

Ya there is penalty u/s 271F of Rs.5000 for filing of return after 31st March,2013 for A.Y.2012-13

if there is no tax due u can file tax return upto 31.03.2014

if due then u have to pay penalty

As u have tax liability to pay. u can file ur return upto 31-3-2013 without attracting penalty.

right now duedate is crossed.

so penalty u/s 271F  of about 5000/- attracts

But sometimes it would depend on AO also.

penalty u/s 271F of Rs.5000

Read more at: /forum/penalty-for-filling-return-for-ay-2012-2013-255444.asp
penalty u/s 271F of Rs.5000

Read more at: /forum/penalty-for-filling-return-for-ay-2012-2013-255444.asp

if there is no tax due u can file tax return upto 31.03.2014

 

actual same case but there is not TAx liability since TDS has allready been deducted by the Employer,

Can i file return for AY2012-13 before 31 mar 14? is der any penalty?

Ya u can file without any penalty till 31st march,14


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