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AKANKSHA (Querist)
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19 July 2011 there is refund for A. Y. 2010-11. If any one has not filed return for A.Y. 2010-11. Can he file it now?

Bhaskaran Chackrapani Warrier (Expert)
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19 July 2011 Yes return can be filed now.

AKANKSHA (Querist)
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19 July 2011 Is there any penalty for above?

Bhaskaran Chackrapani Warrier (Expert)
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20 July 2011 Penalty can be initiated under section 271F,amounting to Rs.5,000/-,if return is filed before the end of the relevant assessment year.

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