I am a central government employee with annual income just above 10 lacs(no other source of income) and last year missed to file the return.Pls guide me whether i need to file returns for the current and the previous year separately? and which forms to be used?
18 July 2013
Dear Tushar for AY 2013-14 due date is 31.07.2013 for filing Income tax Return u/s 139(1). Belated return u/s 139(4) can be filed till 31.03.2014 without any penalty. with penalty of Rs 5000/- u/s 271F (May be imposed by AO) return can be filed till 31.03.2015.