Itr fy 2014-15
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2017
Hi Everyone,
My friend did not file his income tax return for the FY 2014-15. Now he wants to file it. Total tax liability is zero.
Please confirm if there is any penalty or interest which needs to pay before filling the return.
Thanks,
V kumar
My friend did not file his income tax return for the FY 2014-15. Now he wants to file it. Total tax liability is zero.
Please confirm if there is any penalty or interest which needs to pay before filling the return.
Thanks,
V kumar
23 January 2017
Penalty may charge upto Rs.5000 will be charged U/s 271F for belated return. Since tax liability nil no interest will be charged.
23 January 2017
There is no penalty or interest to be charged BEFORE filing the return.
in the event a penalty is levied, you will be served with a order requiring you to pay the amount. This eventuality is very rare, more so in a case where there is no tax liability.
in the event a penalty is levied, you will be served with a order requiring you to pay the amount. This eventuality is very rare, more so in a case where there is no tax liability.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- FEMA regulation Act. for inward remitance
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
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
