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belated RETURN

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This query is : Resolved

Jiwan singh (Querist)

02 August 2008 As Per Income Tax :- The Return May Be Furnished At Any Time Before The Expiry Of Two Years From The End Of The Financial Year In Which The Income Was Earned.

1- Can I File Tax Return (Without Any Panalty) Of Fy 2007-08 Upto 31 March 2010 If My Tax Liability Is Nill. If Upto 31 March 2009 Why Mention As Above Two Year .

CA Vivek Jain

CA Vivek Jain (Expert)

02 August 2008 Return can be file

from the end of finacial year to end of assessment of year of particular privous year

Late CA Sampat Jain

Late CA Sampat Jain (Expert)

02 August 2008 Upto one year from the end of FINANCIAL YEAR , NO PENLTY

THEREAFTER FINE UPTO 5000 CAN BE IMPOSED BY ASSESSING OFFICER

YOU CAN NOT FILE SUO MOTO AFTER TWO YEARS FROM THE END OF FINANCIAL YEAR

NO PENALTY CAN BE IMPOSED IF YOU ARE NOT LIABLE TO FILE RETURN , BECAUSE YOUR INCOME IS BELOW TAXABLE LIMIT

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