Late return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2016
Dear Sir,
A person is a employee of UCO bank. He is liable for tax from 4-5 years. But till now he not filed any return but tax deducted from his salary. Now he wants to file his return and refund his excess tax. My query is that -
1). If he will filling return only for A.Y 2016-2017 i.e F.Y 2015-16 then any question will arise from department for filling his return of previous 4-5 years? He do not want to refund his previous tax.
2). Any penalty or interest will impose on him?
Please reply anyone to me.
A person is a employee of UCO bank. He is liable for tax from 4-5 years. But till now he not filed any return but tax deducted from his salary. Now he wants to file his return and refund his excess tax. My query is that -
1). If he will filling return only for A.Y 2016-2017 i.e F.Y 2015-16 then any question will arise from department for filling his return of previous 4-5 years? He do not want to refund his previous tax.
2). Any penalty or interest will impose on him?
Please reply anyone to me.
29 March 2016
1 As it is only a refund case he can do so. Return for FY 2013-14 and 2014-15 can be filed before 31-03-2016.
2 As there is no tax payable no penalty or interest is payable.
2 As there is no tax payable no penalty or interest is payable.
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