Income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2015
Dear expert
can i fill income tax return of FY 2013-14. in this current FY 2015-16
can i fill income tax return of FY 2013-14. in this current FY 2015-16
03 April 2015
yes for ay 14-15 u can file as belated return u/s 139(4)
03 April 2015
Yes you can file return u/s 139(4) upto 31.03.2016 but subject to penalty u/s 271F.
271F. If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.
AO can levy Maximum Penalty of Rs 5000/- after giving assessee an reasonable opportunity of being heard.
271F. If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.
AO can levy Maximum Penalty of Rs 5000/- after giving assessee an reasonable opportunity of being heard.
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