E-filing of return for the ay 2011-12

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31 July 2012 Can I E-file the return for AY 2011-12. What are the chances of penalty being imposed.

31 July 2012 The return for AY 2011-12 can be filed upto 31.03.2013.

Penalty is at the discretion of the assessing officer.

01 August 2012 if you have taxable income then you should pay penalty as per it act. . if you do not have any taxable income you need not pay interest or penalty

12 August 2012 First file the return, if not penalty, you will definitely avoid prosecution.


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