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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
