Income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2012
Dear Sir,
Due to some reasons I could not file ITR of A.Y. 2011-12 (nil tax) on time. And the same I have filed on 25 July, 2012.
I want to know that, the above ITR is valid.
Can department will impose any penalty or interest on me.
Please reply
Thanks & Regards
D.K. Goyal
Due to some reasons I could not file ITR of A.Y. 2011-12 (nil tax) on time. And the same I have filed on 25 July, 2012.
I want to know that, the above ITR is valid.
Can department will impose any penalty or interest on me.
Please reply
Thanks & Regards
D.K. Goyal
Mohit Naithani
(Expert)
27 July 2012
No, If you have nil tax liability (did not exceed the maximum threshold limit) or having income less then Rs 500000/- (Without deduction) + Interest Income less then 10000/- then their is no need to file to ITR.
Plz go through Sec 139 of Income tax act.
Plz go through Sec 139 of Income tax act.
Message likes :
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CA BHARATH KUMAR
(Expert)
27 July 2012
yes its valid and not taxable so no penalty will impose. but you should send copy of itr to CPC early
Message likes :
1 times
Guest
Guest
(Expert)
27 July 2012
There is no penalty and interest obligation in this case.
Regards
Regards
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