Delay in filing return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2011
Hi,
If my salary is taxable and my employer has deducted the tax payable on my salary as well in time (before the closure of the respective financial year) for Ass. year 2010-11 & 2011-12 but, i failed to file return before due date.
However, if I file my returns on 02 Aug 2011 for both years, then, will I have to pay any interest u/s 234 and penalty seperately..
If my salary is taxable and my employer has deducted the tax payable on my salary as well in time (before the closure of the respective financial year) for Ass. year 2010-11 & 2011-12 but, i failed to file return before due date.
However, if I file my returns on 02 Aug 2011 for both years, then, will I have to pay any interest u/s 234 and penalty seperately..
31 July 2011
For 2010-11, yes you have to pay the interest separately for late filing of return. You have to also pay penalty of Rs. 5000 as your return is filed after 31/03/2011.
For AY 2011-12, you are under no obligation to file your return if your salary is below 5 lakhs and the employer has dedcuted TDS on the same.
For AY 2011-12, you are under no obligation to file your return if your salary is below 5 lakhs and the employer has dedcuted TDS on the same.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- SFT Cash Deposit in Current Account
- Multiple trade mark
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
