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

This query is : Resolved

shiv kumar (Querist)
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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)
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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)
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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)
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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)
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24 May 2014 Thanking you very much. Dear Sir Amit G.

Shiv

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