Individual returns


This query is : Resolved 

(Querist)
04 August 2014 hello this is shashank here
Filing for individual returns last date is 31st july 2014 but now they have extended it upto 31/3/2015. can experts plz help me out what all the pros and cons of belated return and filing return as on date.

04 August 2014 there is no extention notified by income tax dept till now.

shashank (Querist)
04 August 2014 so can we file the individual returns now.

04 August 2014 you can file belated return till 31.3.2015

shashank (Querist)
04 August 2014 what are the consequences ???? for belated return

04 August 2014 max 5000 is imposable at discretion of ao.

05 August 2014 also check for 234A interest liability, if any.


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