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
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 :
1 times
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Rental income of jointly held property
- ITR-Capital Gain
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
