Late fiking of itr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2014
Can ITR for assessment year 2013-14 be filed now? There is some refund due, but I forgot to efile my Return. Will there be any penalty for late filing?
01 August 2014
Yes you can file the Return of income for AY 2013-14 until 31/03/2015. You have to pay the penalty for filing of late return which is 5000 and in most of cases ITD is adjusting this penalty against the refund.
01 August 2014
you can file return till 31.3.2015. but you have to pay penalty rs. 5000/-
01 August 2014
Yes you can file belated return u/s 139 (4) upto 31.03.2015 or date of assessment whichever is earlier subject to a maximum penalty of Rs 5000 u/s 271F. Levy of penalty is at the discretion of AO after giving assessee a reasonable opportunity of being heard. He may or may not impose the penalty. No need to pay penalty at the time of filing of return.
04 August 2014
@sanjay Ji, In my case the AO has adjusted penalty with refund without notice. Notice for penalty for late filling is not normally served.
04 August 2014
@sanjay Ji, In my case the AO has adjusted penalty with refund without notice. Notice for penalty for late filling is not normally served.
04 August 2014
Umesh Ji you should contest that. Section 271F is pretty clear on this. Assessee should be given an opportunity of being heard.
04 August 2014
But Umesh Ji, refund is issued by CPC then how can AO adjust the penalty against refund. Your case must be old one prior to CPC era.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
- Taxation in the hands of Landowner under JDA
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
