return filing
This query is : Resolved
CA Goush Abdulla
(Querist)
08 October 2009
plz guide me,
i want to file the return of 2007-08(p.y) relevant to the assessment year 2008-09, in the year 2009-10. can i file it if the return is of nil income, or if the return have some tax liability then how much the amount should be including interest.
i want to file the return of 2007-08(p.y) relevant to the assessment year 2008-09, in the year 2009-10. can i file it if the return is of nil income, or if the return have some tax liability then how much the amount should be including interest.
Ratan Sharma
(Expert)
10 October 2009
You can file the return for the P.Y.2007-08 on or before 31/3/2010. Yes you can file NIL tax return also.
How much interest will be payable will depend on your tax liability.
If the tax liability is below Rs. 5000/- then the interest @ 1% p.m. will be payable from the due date of return upto the month of filing of return. If tax liability exceeds Rs. 5000/- then interest u/s. 234(b0 & 234(c) will be applicable.
How much interest will be payable will depend on your tax liability.
If the tax liability is below Rs. 5000/- then the interest @ 1% p.m. will be payable from the due date of return upto the month of filing of return. If tax liability exceeds Rs. 5000/- then interest u/s. 234(b0 & 234(c) will be applicable.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
