26 August 2015
one of my friend is working in a company his company deducted TDS on his salary Rs. 9800 but he didnt file ITR 1 for thar assessment year 2014-15 in assessment year 2015-16 company doesnt deducted any TDS he himself deposited the tax of rs 6500 aprox. now he wants to file returns for the both assessment years my question is if he file the ITR for assessment year 2014-15 is their any penalty for him or any interst for non filling ITR for assessment year 2014-15 reply soon its urgent thanks
26 August 2015
Let him proceed to file both the returns. There is always a penalty for LATE filing of return. But till now, no one has been penalised for the same. So dont bother. Go ahead and file both the returns.