Income tax return

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2012 One of my friend has not filed return since 3 year. E file of return for the A.Y. 2009-10 and afterwards is pending. How to file return for 2009-10 and what is the panelty and how to deal with the further process?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

20 January 2012 He can file his return for AY 2010-11 and AY 2011-12.
.
In case his income is taxable for the AY 2010-11( i.e. for Financial Year 2009-10), penalty may be levied. In case the income is not exceeding the taxable limit, he may not be liable for penalty. However, it is a discretionary matter and depends upon the AO.
.
For AY 2011-12, he can file return.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now