return filing

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md asif iqubal (Querist)
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05 April 2011 friendz !
i hv taxable Salary income and it's subject to TDS.But i did not file my IT return for preceding previous year,hence i could not claim any TDS refund,if any.But for current P.Y 2010-2011,im gona file my return,so my question is whether im allowed to file my preceding year returns? if yes ! is there any penalty or interest chargable on me? can i get refund for TDS for those years? plz reply sooner! bye

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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05 April 2011 You can file returns for FY 09-10 and FY 10-11 only. But for return of FY 09-10 a penalty subject to maximum of Rs 5000 may be imposed. Of course you can claim refunds for these two years only.

BALASUBRAMANYA B N

BALASUBRAMANYA B N (Expert)
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05 April 2011 One year you can file 2 FY returns that means, you can file now FY 2009-10 and Fy 2010-11 up to mar 31 2012...
You can get TDS refund too, there is no penalty for that....

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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06 April 2011 Penalty of upto Rs 5000 may be imposed by the department for FY 09-10 towards late filing of return.

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