Itr for ay 2014-15
This query is : Resolved
yahya siddiqui
(Querist)
17 December 2015
Hello everyone,
I want to file a non taxable return for AY 2014-15, should I go for it or not??
Is there any chance tht I will get a notice for late filing, nd penalty of Rs 5000 needs to be paid, if I file the return.....
Please reply....
CA ANKIT GUPTA
(Expert)
17 December 2015
You can file it till 31st march 16
Secondly , its wholly depend upon assessing officer to send notice or not ,
In my observation , I do not found any case of non taxable income receiving notice .
Secondly , its wholly depend upon assessing officer to send notice or not ,
In my observation , I do not found any case of non taxable income receiving notice .
18 December 2015
Since your return is non taxable no penalty will be levied. Submit return on or before 31.03.2016 as suggested by Ankit Ji.
Ankur Singhal
(Expert)
18 December 2015
Agree with the experts
NO penalty at all as its a nil tax return.
Go a head and file the return
NO penalty at all as its a nil tax return.
Go a head and file the return
18 December 2015
1. No penalty is called for in your case as neither U R saying taxable income nor you have crossed the time limit to file return for FY 14-15. by manual process .
2. You CAN check it again how it is not taxable considering YOUR all source of incomes in your name.
3. Check any TDS cut under your commercial /savings etc. activities in FY2014-15.
5. Check if any House rent income.
6. Check if you have given any gift amount to your friend or relative etc.
7. Any LTCG/STCG gain or mutual fund etc activity
If all above nil , then only you are relaxed for not filing tax untill now. Time is still left with you until 30.03.2016 to protect yourself but review on above items surely.
2. You CAN check it again how it is not taxable considering YOUR all source of incomes in your name.
3. Check any TDS cut under your commercial /savings etc. activities in FY2014-15.
5. Check if any House rent income.
6. Check if you have given any gift amount to your friend or relative etc.
7. Any LTCG/STCG gain or mutual fund etc activity
If all above nil , then only you are relaxed for not filing tax untill now. Time is still left with you until 30.03.2016 to protect yourself but review on above items surely.
18 December 2015
1. No penality is called for your case as neither UR saying taxable nor you crossed tiem limit to file it by manual process now.
2. You check it again how it is not taxable considereing all source of incomes on your name.
3. Check any TDS cut under your commercial /savings etc. activities in 2014-15.
5. Check if any House rent income.
6. Check if you have given any gift amout to your friend or relative.
7. Any LTCG/STCG gain or mutual fund activity
Then only you are relaxed for not filing tax uptill now. Time is still left with you until 30.03.2016 to protect yourself after review on aove items.
2. You check it again how it is not taxable considereing all source of incomes on your name.
3. Check any TDS cut under your commercial /savings etc. activities in 2014-15.
5. Check if any House rent income.
6. Check if you have given any gift amout to your friend or relative.
7. Any LTCG/STCG gain or mutual fund activity
Then only you are relaxed for not filing tax uptill now. Time is still left with you until 30.03.2016 to protect yourself after review on aove items.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- 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
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
