Return of Income

This query is : Resolved

Bhakti (Querist)
Follow

05 May 2011 I am a salaried person. My employer has deducted TDS on salary and paid to the govt. Somehow i did not file IT return for last two years.I want to file the return. Will penalty be leviable?

Kumar Babu.G

Kumar Babu.G (Expert)
Follow

05 May 2011 If full tax payable has been deducted by employer ,then no interest is chargeable even if we file belated return. But penalty leviable for late filing of return is at the discretion of IT department. From practical point of view no penalty is leviable on you based on my exposure.

Bhakti

Bhakti (Querist)
Follow

05 May 2011 Thank you so much sir. please note that TDS is deducted under professional tax category under 194J. Full

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

05 May 2011 If you are a salaried employee, meaning thereby an employee employer relation exists, tax would have been deducted under section 192. In your case, return would have been filed as per third proviso to section 139(1). Delay, therefore attracts penalty under section 271F.

Message likes : 1 times

Bhakti

Bhakti (Querist)
Follow

05 May 2011 Sir they have kept me as a retainer and they issued me form 16A under sec 194J . and deducted tax @ 10.3%. I want to file return for FY 2008-09 and 09-10. Is it possible widout penalty?
What can i do? or i should not file return for 08-09 and file only for 09-10

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

05 May 2011 Income tax return for FY 2008-09 can't be filed voluntarily since barred by time. But penalty proceedings can be initiated if non-filing is noticed by department.How ever,return for FY 2009-10 can be filed.

Message likes : 1 times

Bhakti

Bhakti (Querist)
Follow

06 May 2011 i WILL HAVE TO FILE ITR 4 RIGHT? ALTHOUGH MY INCOME IS JUST LIKE SALARY BUT SINCE THEY DEDUCTED TAX UNDER SEC 194J, I WILL HAVE TO FILE ITR 4. RIGHT SIR?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Leena Rachh

RISHI LATTA

Dhananjay Singh

shubham agrawal

N N V Satish

Subscribe Now

Return of Income

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANT

Accountant

Senior execiutive

GST CONSULTANCY

Manager- Finance and Compliance

CA Final