06 January 2015
Dear experts , I had not filed my return for f.y 2011-12. But i had refund under that period. I was also not taxable in the relevant period.
Now my question is that can i file the return giving penalty and claim my refund. pls help
06 January 2015
yes you can file it, but you need to take PRIOR permission of the CIT having jurisdiction over your income.... And normally IT dept does not charge any penalty
06 January 2015
Only way is to invoke section 119(2)(b) i.e., application for condonation of delay. See below link for details--- http://incometaxindiapr.gov.in/incometaxindiacr/contents/CBDTFiles/Circulars/CBDTLaws/HTMLFiles/dtcdiv2_p1414_15.htm