About signed ITR

This query is : Resolved

CA LOVELY ARORA (Querist)
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07 September 2008 Is there any penalty, if you submit a ITR (return) without signing it?
If yes, then of how much amount.
If no, then what will it be?

CA E.A.Ravikumar

CA E.A.Ravikumar (Expert)
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07 September 2008 There will be no " Filing of return " in this case. Consequences of not filing a return will follow.

Reetika Goel

Reetika Goel (Expert)
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08 September 2008 Under Section 140 "Signing of Return", if an assessee files his return without signing the same, it will be "void ab initio". That is, it will be considered as if the assessee has not filed his return.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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08 September 2008 I agree with Reetika.

CA Rajesh S

CA Rajesh S (Expert)
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09 September 2008 un signed ITR is invalid return

CA LOVELY ARORA

CA LOVELY ARORA (Querist)
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09 September 2008 But in Section 140A (Penalty) of Income Tax Act, 1961 it is stated that you will be charged Rs. 10000/- for submitting a return without signing it. Is it or ITR will be void ab initio.

(Refer:- V.K. Singhania)

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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11 September 2008 I have never read any such section which deals with the penalty on non signing of return. I think what Lovely has mentioned is the penalty for un-signed documents at the time of income tax proceedings. Please clearly mention the provisions.

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