Belated return
This query is : Resolved
Saurabh Garg
(Querist)
01 September 2010
What would be the last date for filing of Return for the financial year 07-08 u/s 139(4) i.e. Belated return
Please guide...
Please guide...
CMA Chandan Singh
(Expert)
01 September 2010
Last date was 31.03.10 for belated return
As per section 139(4) if return is not furnished within allowed time before the assessement made, at any time before the end of one year from the date of relevant AY.
A penalty of Rs. 5000/- may be imposed under section 271F if belated return is sublitted after the end of AY.
As per section 139(4) if return is not furnished within allowed time before the assessement made, at any time before the end of one year from the date of relevant AY.
A penalty of Rs. 5000/- may be imposed under section 271F if belated return is sublitted after the end of AY.
Saurabh Garg
(Querist)
01 September 2010
Thanks sir for ur guidance.
Sir it meant if return is filed after 31.03.09 (for FY 07-08) is penalty leivable.
Sir it meant if return is filed after 31.03.09 (for FY 07-08) is penalty leivable.
CA Sanat Pyne
(Expert)
01 September 2010
AGREE WITH EXPERT Chandan Singh .
AND FOR YOUR 2ND QUERY , PENALTY WILL BE LEVIABLE IF FILED AFTER THE END OF ASSESSMENT YEAR.
AND FOR YOUR 2ND QUERY , PENALTY WILL BE LEVIABLE IF FILED AFTER THE END OF ASSESSMENT YEAR.
CMA Chandan Singh
(Expert)
01 September 2010
yes, it attract panel interest U/S 234, Penalty of Rs 5000/- U/S 271F
Saurabh Garg
(Querist)
01 September 2010
Thank you sir..
Is penalty leviable even return is below taxable limit.
Is penalty leviable even return is below taxable limit.
Aditya Maheshwari
(Expert)
01 September 2010
at the option of the A. O.
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