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Income tax return

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Querist : Anonymous

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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
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Amol S Joglekar

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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.
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C.A Anshul Singhal

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C.A Anshul Singhal (Expert)
26 July 2012 you can file both year itr.
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C.A Anshul Singhal

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C.A Anshul Singhal (Expert)
26 July 2012 but a.o can charge Rs 5000 penalty on itr of a.y 2011-12.
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C.A Anshul Singhal

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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.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
26 July 2012 no penalty , you can proceed to file the returns
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