belated RETURN
This query is : Resolved
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 .
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 .
02 August 2008
Return can be file
from the end of finacial year to end of assessment of year of particular privous year
from the end of finacial year to end of assessment of year of particular privous year
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
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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