Online return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2010
Hello!
I have received the FORM 16A from the bank for the year 2009-10 and there is no other income.
Please inform me whether i have to submit my return with ITR 1 or not. And is there any penalty as i have not submitted my return untill now?
I have received the FORM 16A from the bank for the year 2009-10 and there is no other income.
Please inform me whether i have to submit my return with ITR 1 or not. And is there any penalty as i have not submitted my return untill now?
Aditya Maheshwari
(Expert)
01 October 2010
YOu can file itr 1 and claim refund.
Return filed after one year from the end of the financial year may attract a penalty of Rs. 5,000/- not otherwise.
Return filed after one year from the end of the financial year may attract a penalty of Rs. 5,000/- not otherwise.
Hemu Kapoor
(Expert)
01 October 2010
Agree with Aditya Sir.
NITIN SHARMA
(Expert)
01 October 2010
If your income is less than the prescribed limit which is exmpet to tax than you need not to file any return of income and no penal proveesions u/s 271f attracts. If you want to get refund than you may file return.
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