Online return file

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2012 Dear Sir/Madam

I want to file online return F.Y.10-11 & 11-12 so can i submit online return together ?

My income is under limit.

please suggest

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2012 pls. any one reply

aadish

aadish (Expert)
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30 July 2012 As per sec 139(4) Balated return

You can file your return for F.Y10-11 but penalty can be levied upon you by your Asessing officer, so it is advisable not to file return for F.Y 10-11,

You can file your return for F.Y 11-12 upto 30th july and if u still not able to file it u can file it upto 31.03.12,but if you will file after that sec 139(4) is attaracted.

Hope your Query is resolved.

Unnikrishnan

Unnikrishnan (Expert)
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30 July 2012 You may file seperate returns for each year now itself.

the prisecribed form applicable will depend on the nature of your income.

aadish

aadish (Expert)
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30 July 2012 and penalty amount u/s 271F is Rs. 5000.

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2012 Thnx for Every one.

My gross income only 178000/- appox and get rebate in HRA 25000/- from company form 16 so net income is 153000/- under limit in f.y.10-11

if return submit today then penalty liable on me ????

but my income under limit

please reply

aadish

aadish (Expert)
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30 July 2012 PENALTY OF rS. 5000 SHALL BE LEVIED UPON YOU CZ OF LATE FILING OF RETURN, FOR F.Y 10-11, LAST DATE OF RETURN FILING IS 31.07.11, BUT U CAN FILE UPTO 31.03.12, NOW U CAN FILE BUT PENALTY MAY BE LEVIED UPON YOU BY THE A.O.

Taxguy

Taxguy (Expert)
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12 August 2012 In your case for AY2010-11, you need file return and no penalty can be levied.
AY 2011-12, you are covered by ITD circular where assessee with income less than Rs.5,00,000/- need not file any income tax return.
So do not worry.

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