Belated return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2014
What are the consequences if i have not filed my Return of F.Y.2012-2013 even before 31st march 2014???
Can I filed the same now???
If yes then what are the penalties for the same?
Can I filed the same now???
If yes then what are the penalties for the same?
03 August 2014
Belated Return for FY 2012-13 i.e., AY 2013-14 can also be filed u/s 139(4) From 01.04.2014 to 31.03.2015 or completion of assessment whichever is earlier but subject to a Maximum penalty of Rs 5000/- u/s 271F.
Levy of penalty is at the discretion of AO after giving assessee a reasonable opportunity of being heard. He may or may not impose the penalty. No need to pay penalty at the time of filing of return.
Levy of penalty is at the discretion of AO after giving assessee a reasonable opportunity of being heard. He may or may not impose the penalty. No need to pay penalty at the time of filing of return.
Message likes :
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Rupesh Jain
(Expert)
04 August 2014
your can file return till 31.3.2014 or completion of assessment whichever is earlier. you may pay penalty of Rs. 5000/- for non filing of return.
Message likes :
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04 August 2014
agreed with sanjay gupta's view.
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