Can i submit online return for a.y 2012-2013 ??????

Yes u can file before 31st march 2014 and if there is refund , it will be issued also by the department . Infact , refunds related to A/Y 2012-13 are issued on priority basis by Income Tax Department.

Yes, I agree with Ashish. You can very much submit the return for the A.Y. 2012-13 before 31st March 2014 as a belated return. It cannot be revised further under any condition. So, take extra care.

yes you can                                                                                                                    

Just a quick question on above, I trust there is penalty clause also on belated returns of 5000.00, is it going to be applicable here?

Yes penalty of Rs 5000 can be levied, but only if the ITR is ataxzble Return. It means if the total income is more than the minimum exemption limit.

Dear Palash,

File your return at the earliest possible.  last date is 31 March 2014.

make sure you don't make errors as belated return can not be revised.

Dear Sandeep,

the taxability shall depend on the cost of the house you sold.   So without that detail, no one can give you a definitive answer.

With regards to tax exemption, assuming that you can claim exemption under Section 54, most probably you won't be liable for any tax.

hello mujhe pata hai mai late hu par fir bhi. mere 1 client ka 1500 tds deduct hua hai a/y 2012-13 par usne return nahi bhari uski income bhi 100000 se kam hai agar abhi return bharte hai uski to penalty lagegi kya.

Thanks a lot to all of you 

Himanshu,

you can request for condonation of delay under section 119(2) and request for the refund..