Penalty charges for late i.t. return
This query is : Resolved
22 February 2013
i want to do I.Tax return file for F.Y. 2010-11 & F.Y. 2011-12. there is no any tax liability infact i have TDS certificate on interest earned.
so what will be the penalty charges for late income tax return filing for both years..
Please give me information about it..
thank you.
so what will be the penalty charges for late income tax return filing for both years..
Please give me information about it..
thank you.
22 February 2013
Dear Kavita,
the returnfor 10-11 has become time barred and cannot be filed now..
11-12 can be filed upto 31/03/2013.
since there is no tax liability, there will be no interest or penalty
the returnfor 10-11 has become time barred and cannot be filed now..
11-12 can be filed upto 31/03/2013.
since there is no tax liability, there will be no interest or penalty
Message likes :
1 times
22 February 2013
the return for F.Y 10-11 can be filed till 31-3-13 i.e one year from end of the relevant assessment year. In this case A.Y being 11-12 so 31-03-13. and for F.Y 11-12 till 31-03-14. There shall be no penalty in your case.
Message likes :
1 times
22 February 2013
Dear Kavita Agree with Jatin
There is No Penalty for filing return for the F.Y_2010-11 & F.Y_2011-12.
Only Interest U/s 234A is to be paid for 18 Months & 6 Months respectively.
There is No Penalty for filing return for the F.Y_2010-11 & F.Y_2011-12.
Only Interest U/s 234A is to be paid for 18 Months & 6 Months respectively.
Message likes :
1 times
22 February 2013
Dear Rajesh,
What I understand from Kavita's query is that she doesn't have any oustanding liability.
Therefore, even 234A shall be NIL.
What I understand from Kavita's query is that she doesn't have any oustanding liability.
Therefore, even 234A shall be NIL.
Message likes :
1 times
22 February 2013
agree with you nikhil
Message likes :
1 times
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
