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
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.
26 July 2012
you can file both year itr.
26 July 2012
but a.o can charge Rs 5000 penalty on itr of a.y 2011-12.
26 July 2012
but your income below taxable limit so that A.O can't charge penalty u/s 271f.
26 July 2012
no penalty , you can proceed to file the returns
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