Air form submission

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Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2014 Is individual required to submit AIR returns
If yes then is there penality if taxpayer has submitted IT returns in time but not submitted filed AIR forms based on investment (between 2 to 5 lakhs) as shown in 26AS ( since last 3 years) Can you please throw light on whether an individual pensioner who have submitted IT returns in tlme is required to furnish AIR reportWH Only information was taken from 26 ASR. There is no such requirement in ITR 2
WHAT WOULD BE PENALITY FOR FURNISHING AIR NOW FOR AY 2010-11.AMOUNT INVOLVED IS ONLY 3 TO 5 LAKHS KEPT IN LIQUID FUND
IN WHAT FORM SUBMISSION IS REQUIRED IF ANY
KINDLY INTIMATE THE PROCEDURE

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

14 July 2014 yes penalty is there for non disclusure of full amount and information

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2014 Is individual required to submit AIR returns If yes then is there penality if taxpayer has submitted IT returns in time but not submitted filed AIR forms based on investment (between 2 to 5 lakhs) as shown in 26AS ( since last 3 years) Can you please throw light on whether an individual pensioner who have submitted IT returns in tlme is required to furnish AIR reportWH Only information was taken from 26 ASR. There is no such requirement in ITR 2 WHAT WOULD BE PENALITY FOR FURNISHING AIR NOW FOR AY 2010-11.AMOUNT INVOLVED IS ONLY 3 TO 5 LAKHS KEPT IN LIQUID FUND IN WHAT FORM SUBMISSION IS REQUIRED IF ANY KINDLY INTIMATE THE PROCEDURE

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=854235

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2014 Is individual required to submit AIR returns If yes then is there penality if taxpayer has submitted IT returns in time but not submitted filed AIR forms based on investment (between 2 to 5 lakhs) as shown in 26AS ( since last 3 years) Can you please throw light on whether an individual pensioner who have submitted IT returns in tlme is required to furnish AIR reportWH Only information was taken from 26 ASR. There is no such requirement in ITR 2 WHAT WOULD BE PENALITY FOR FURNISHING AIR NOW FOR AY 2010-11.AMOUNT INVOLVED IS ONLY 3 TO 5 LAKHS KEPT IN LIQUID FUND IN WHAT FORM SUBMISSION IS REQUIRED IF ANY KINDLY INTIMATE THE PROCEDURE

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=854235

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