income tax return for 2007-08 financial year
This query is : Resolved
19 April 2010
a private limited company missed to file income tax return for a/y 2008-09 and 2009-10.
is it possible to file that now and any penalty applicable?
is it possible to file that now and any penalty applicable?
CA Ashok Kumar Sahu
(Expert)
19 April 2010
you can file belated return for A.Y. 2009-10 up to 31/3/2011 penalty of rs. 5000/- payable when demand issued.
as per my opinion not possible for A.Y. 2008-09.
as per my opinion not possible for A.Y. 2008-09.
Aditya Maheshwari
(Expert)
19 April 2010
Belated return not possible for A. Y. 2008 - 09 as it is time barred. Belated return for A. Y. 2009-10 can be filed up to 31st March, 2011.
Penalty u/s 271F upto Rs. 5,000/- may be imposed if any tax payable outstanding
Penalty u/s 271F upto Rs. 5,000/- may be imposed if any tax payable outstanding
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