Income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2012 i want to know that if return is not fill within time period that is 31.7(indi)than when this return will be filled &what penalty or interest payable .

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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30 July 2012 The return can be filed upto 31.03.2014.

1. However, interest u/s 234A may be levied

2. You CANNOT revise the return.

3. If the return is filed AFTER 31.03.2013, then penalty of Rs. 5,000 may be levied.

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