Income tax return
This query is : Resolved
Pankaj Singla
(Querist)
26 November 2014
A person was employed 2 years back. His in come is less than the maximum amount not chargeable to tax. Hence he didn't file any return. Now He wants to take loan and bank wants his Income tax return of past 2 years. Now he wants to file return. As per Sec 139(4) he can file return within 1 year from the end of relevant A/Y. please tell me whether he can file the same and what will be interst u/s 234A foe late filing of return??
Amol S Joglekar
(Expert)
26 November 2014
he can file the returns from the financial year 2012-13
interst u/s 234 shall be applicable as per the tax liability.
interst u/s 234 shall be applicable as per the tax liability.
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