TDS Deducted but return not submitted
This query is : Resolved
viveksnvijayvargia
(Querist)
01 May 2009
Hello Frnds
My question is if a person(Salaried Employee) has not submitted his return of income for the AY 2007-08 & 2008-09 as no income tax is due but his employer has deducted the TDS on the same........ may be bcox he hadnt submitted docs as proof for eligible deductions.
So now can he submit his returns and whether he is liable to penalty or not
My question is if a person(Salaried Employee) has not submitted his return of income for the AY 2007-08 & 2008-09 as no income tax is due but his employer has deducted the TDS on the same........ may be bcox he hadnt submitted docs as proof for eligible deductions.
So now can he submit his returns and whether he is liable to penalty or not
CA. B.SRINIVASULU
(Expert)
01 May 2009
No penalty is leviable.
But the problem is now the time is over for the assessement year 2007-2008.
For assessement year 2008-2009 you have time. Better you can file immediately.
Being a salaried case and already tds has been deducted the assessing offier will not initiate for penalty.
But the problem is now the time is over for the assessement year 2007-2008.
For assessement year 2008-2009 you have time. Better you can file immediately.
Being a salaried case and already tds has been deducted the assessing offier will not initiate for penalty.
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