Can i file itr --f.y 11-12 & f.y-12-13

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This query is : Resolved

shiv kumar (Querist)

23 May 2014 HI ALL,

DEAR SIR, CAN I FILE ITR RETURN FOR THE FINACIAL YEAR 11-12 & F.Y-12-13?

IF YES WHAT WOULD BE PENALITY & INTEREST, IF APPLICABLE.

KINDLY GUIDE US.

THANKS & REGARDS

SHIV

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)

23 May 2014 ITR of FY 2011-12 cannot be filed now. ITR of FY 2012-13 can be filed upto 31.03.2015, but if taxable income > 2,00,000 for FY 2012-13; penalty of Rs. 5000/- is leviable. If tax is not paid, interest @ 1%pm is payable from 01.08.2013 till date of filing return.

shiv kumar

shiv kumar (Querist)

24 May 2014 Thanks for attention mr. amit G

But Sir, in F.Y 12-13 my income is below 2 lac.

Eventhan would I have to pay penalty ?

And my employer have deducted TDS on my Other Income (Incentive).

Now guide us Even I file the ITR with Penalty of Rs. 5000/-.

Thanks & Regards

Shiv

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)

24 May 2014 If income is below 2 lakh, no penalty is levied. File return easily. You will also get interest on refund (for the period excluding the default on your end).

shiv kumar

shiv kumar (Querist)

24 May 2014 Thanking you very much. Dear Sir Amit G.

Shiv

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