Income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2012
CAN I MAKE IT RETURN FOR A. Y. 2011-12,& AS WELL AS 2012-13 MY TOTAL INCOME FOR BOTH YEAR IS RS. 168000 (PA)
SHOULD I PAY ANY PENALTY
SHOULD I PAY ANY PENALTY
Amol S Joglekar
(Expert)
26 July 2012
No penaulty. (Since your questions are always CATCHY..... I repeat... there is a very very old provision under income tax to charge penaulty. Fortunately, it has not been sparingly used by our ITOs.
C.A Anshul Singhal
(Expert)
26 July 2012
you can file both year itr.
C.A Anshul Singhal
(Expert)
26 July 2012
but a.o can charge Rs 5000 penalty on itr of a.y 2011-12.
C.A Anshul Singhal
(Expert)
26 July 2012
but your income below taxable limit so that A.O can't charge penalty u/s 271f.
CA BHARATH KUMAR
(Expert)
26 July 2012
no penalty , you can proceed to file the returns
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