19 November 2010
Dear Expert's, Mr.X has not filed income tax return for the f.Y. 2008-09, but his TDS is Rs. 2500 for that year? & for the FY 09-10 his income is below 1.6 lac.
My query is, he can file the return? to claim refund pls clarify
19 November 2010
He can file return for Fy 09-10 only. Return of Fy 08-09 now will attract penalty of5000/-(Max). But since your income was below Rs 1.6 Lacs penalty may not be levied on you.