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..
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.
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.
CAclubindia
