in respect of filling return
This query is : Resolved
anil jasani
(Querist)
17 October 2008
respected sir, if i made contineous return of income for three year and after , i stop to make return for two year , is threre any penlty for starting a return after exit for two year, if i want to start to make return ?
S.Srinivasaraghavan
(Expert)
17 October 2008
No, if you have no tax liability during those years you have not filed.
SANJAY VERMA
(Expert)
17 October 2008
You can file your return of A.Y 2007-2008 upto 31st march 2009.If there is any tax liability then a penalty of rs. 5000 can be imposed u/s 271f at the dicretion of the assessing officer.
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