income tax return for the FY 2005-06
This query is : Resolved
24 September 2008
Can an individual assessee file his/her IT return for the FY 2005-06 now?
What penal provisions will be attracted?
What penal provisions will be attracted?
CA E.A.Ravikumar
(Expert)
24 September 2008
Belated return can be filed before the end of one year from the end of relevant asessment year.
In the case given by you the relevant asessment year is 2006-07 & one year expired on 31 march 2008. So cannot be filed
In the case given by you the relevant asessment year is 2006-07 & one year expired on 31 march 2008. So cannot be filed
Ravikumar.G
(Expert)
24 September 2008
Default 139(1)
Penalty u/s 271F
Power to Levy - AO
Amount of Penalty - Rs.5,000/-
Prevented by reasonalbe cause - NO penalty (sec 273B)
Opportunity of being heard Sec 274 - Yes
Penalty u/s 271F
Power to Levy - AO
Amount of Penalty - Rs.5,000/-
Prevented by reasonalbe cause - NO penalty (sec 273B)
Opportunity of being heard Sec 274 - Yes
24 September 2008
Continuing Mr Ravikumar ,if penalty sustains prosecutiion proceedings may also follow.
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
- EPF ECR NEW FILE SEP 17TH 2026
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- GST on Renting godown to KFCSC for Storage of Raagi
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
