late return
This query is : Resolved
10 January 2010
1st)Can i file F.Y.2006-2007 Return now
2nd)if F.Y.2007-08 Return is filed now than is there any additional penalty apart form interest.(three years back an ITO told me that there is a penalty of Rs.5000/-)
2nd)if F.Y.2007-08 Return is filed now than is there any additional penalty apart form interest.(three years back an ITO told me that there is a penalty of Rs.5000/-)
10 January 2010
FY 2006-07 you cant file now time has over for that, you can file FY 2007-08 within this march 2010...
10 January 2010
No penalty, only interest
10 January 2010
I think before march'10 you can file IT return of 06-07 if you have taxable income with penalty of Rs.5000/- and interest u/s 234A only if no advance tax rules applies otherwise 234B,C also applies.
and for 2007-08 you can file but b/f march 2010 with interest u/s 234A and about advance tax
and for 2007-08 you can file but b/f march 2010 with interest u/s 234A and about advance tax
10 January 2010
Income Tax Return for A.Y.2007-08 cannot be filed right now voluntarily by the assessee.
However; this can be filed if notice is issued by the department to file the return. In that case; penalty proceedings would also be initiated.
However; this can be filed if notice is issued by the department to file the return. In that case; penalty proceedings would also be initiated.
10 January 2010
we r talking about FY not AY sir..
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Tax rate change regarding
- GST ISSUE OF INPUT AND OUTPUT GST
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
