Filing of IT return after end of A.Y
This query is : Resolved
07 July 2011
Can IT return having refund be filed after end of A.Y ?
If we file is there any chance of penalty mentioned u/s 271(f)?
Its urgent
Thanks in advance
If we file is there any chance of penalty mentioned u/s 271(f)?
Its urgent
Thanks in advance
07 July 2011
Belated returns can be filed until the end of one year from the end of the Assessmnt yr.
Penalty is not mandatory, but voluntary on the part of the IT officer,
Probability of Penalty is very less if it is filed within above timelimit
Penalty is not mandatory, but voluntary on the part of the IT officer,
Probability of Penalty is very less if it is filed within above timelimit
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