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Belated Return

This query is : Resolved 
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(Querist)
09 June 2009 Can i File ITR for the Assessment Year “2007-2008” and “2008-2009 without the fear of Penalty of Rs.5000/- as per Section 234A of Income Tax Act.
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Jitender

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Jitender (Expert)
10 June 2009 return of A.Y. 07-08 can't be filed now. return of 08-09 can be filed and penalty of 5000 can be escaped if u have valid reasons.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
10 June 2009 agree
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