To be file a return

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RAJESH PATEL (Querist)
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07 December 2012 Friends i want to file my ITR for a.y 2012-2013. my income is below exemption limit. no tax payable. if i file my tax return than any penalty or interest will be charged or not. what is the last date to file my belated return. this is my first return......

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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07 December 2012 You may file the returns of Assessment year 2011-12 and 2012-13.
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Interest is levied on late payment of tax.
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In your case it will not be charged.
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Penalty depends upon the concealment of income or for not complying with certain legal provisions. On late filing of below taxable return, generally penalty is not charged.
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You can file belated return of AY 2011-12 and 2012-13.
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