E-filing of income tax return relevant to asstt.year 2013-14

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CA Sanjay Baheti (Querist)
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16 March 2015 One of my client being a Lady wants to file her income tax return relevant to F.Y.2012-13 i.e. Asstt.Year 2013-14 having main sources of Income are Rental Income,Tiffin Supply & sewing Income & Interest Income on Advances to third parties etc. Such Incomes received both in cash as well as through cheques.

The taxable income comes nearly Rs.4,50,000/- on which tax liability comes approx. Rs 30000/- exclusive of Interest under 234A,B & C of I.T.Act.

Now question is whether she can file the return prior or up 31.03.2015 for the said F.Y. without penalty or not.

If yes then which ITR form to be used as she does not maintain books for such activities.
Please reply at the earliest to enable me to do the same within time.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 March 2015 File return up to 31-03-15. As no books of accounts maintained and income is also less show income from tiffin supply and sewing income under other sources and file form ITR 2.

Pankaj Garg

Pankaj Garg (Expert)
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16 March 2015 Return can be file up to 31.03.2015. Penalty of Rs.5000 will be demanded by A.O. As incomw is exceed maximum amount not chargeable to income tax.
Itr-4S should be filed, because in that case you can save intt u/s 234B and 234C.