Late filing of itr of salaried person

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Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2013 Respected Sir,
There is an Assesee who is a salaried person and its tax liability is 28k & in every month TDS is deducted from its salary and total TDS deducted is equal to 28k.I want to file a return for the assessment year 2012-13.Can i file such late return and is there any interest liability also.Please reply as soon as possible.
Thank you

CA UMESH DULAL

CA UMESH DULAL (Expert)
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01 July 2013 Yes you can file return of AY 2012-13 upto 31/03/2014.

If you have nil tax liability after adjustment of TDS, then no interest will be levied However penalty for late filling may be imposed.

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Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2013 How much penalty should be imposed for late filing of ITR of the Assessment year 2012-13..??

CA UMESH DULAL

CA UMESH DULAL (Expert)
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01 July 2013 Penalty for late filling of ITR is Rs 5000

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2013 what is the section of penalty of late filing of return..??

CA UMESH DULAL

CA UMESH DULAL (Expert)
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