Non filing of i.t.return for a.y.2012-13 till 31/3/14.
This query is : Resolved
01 January 2015
SIR,
AN INDIVIDUAL NOT FILING A INCOME TAX RETURN FOR A.Y.2012-13. AND NOW, HE WANTS TO FILE THE INCOME TAX RETURN FOR A.Y.2013-14 & 2014-15.
AS PER I.T.ACT,1961; A PERSON CAN NOT FILE THE RETURN FOR A.Y.2012-13 AFTER 31/03/2014.
SO,WHETHER HE IS LIABLE TO PAY ANY PENALTY?
IF YES, THEN HOW MUCH?
AN INDIVIDUAL NOT FILING A INCOME TAX RETURN FOR A.Y.2012-13. AND NOW, HE WANTS TO FILE THE INCOME TAX RETURN FOR A.Y.2013-14 & 2014-15.
AS PER I.T.ACT,1961; A PERSON CAN NOT FILE THE RETURN FOR A.Y.2012-13 AFTER 31/03/2014.
SO,WHETHER HE IS LIABLE TO PAY ANY PENALTY?
IF YES, THEN HOW MUCH?
Guest
Guest
(Expert)
01 January 2015
He cant file the return for the A.Y 2012-13..However he can file the return of A.Y 2013-14 upto 31.03.2015.If the gross income of the person is below taxable limit then he is not liable for any penalty otherwise he is liable for a penalty of Rs5000 on receipt of a notice from Income tax department.
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