query about penalty for late filling i.t. return
This query is : Resolved
27 April 2009
hello
sir,
1)can i file my return after march 2009. of A.Y.: 2007-08 AND A.Y.: 2008-09 ,my income was below taxable limit.
2) Rs. 5000/- late payment penalty applicable for me. ? for above A.Y.2007-08 AND A.Y.:2008-09.
im confuce please reply earlier.
from vijay
sir,
1)can i file my return after march 2009. of A.Y.: 2007-08 AND A.Y.: 2008-09 ,my income was below taxable limit.
2) Rs. 5000/- late payment penalty applicable for me. ? for above A.Y.2007-08 AND A.Y.:2008-09.
im confuce please reply earlier.
from vijay
27 April 2009
Yes you can file the return and you don't have to pay penalty the penalty will be payable if the Assessing officer demand or give show cause notice.
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