pooja (Accounts Executive) (69 Points)
27 June 2011Hello,
I would Like to know if the person has filed his return till assestment yr 2008-09 regulary,but has not filed for 09-10 & 10-11,thn can v file salary return for 3 years this yr only??And ITR-1 is for salry return??
Pls help..
Thanks in advance
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 27 June 2011
For Furnishing Belated returns you need to check Sec 139 for time limit mentioned for it.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 27 June 2011
| Originally posted by : TusharSSampatM.Com CA,CS-FINAL | ||
 |
For Furnishing Belated returns you need to check Sec 139 for time limit mentioned for it. |
 |
CA Shiv
(Business Controller)
(2987 Points)
Replied 27 June 2011
Yes you can file it now.
There is no problem. But make sure that you file return as per form 16.
Dont show other extra income like Interest which is taxable or else interest on that income will be calculated.
Normally penalty u/s 271F of Rs. 5000 is applicable. But IT Dept doesnt consider it if there is no extra tax to be paid.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 27 June 2011
agree with CA shivang sir,
yes you can file the return but you have to pay penalty U/S 271F of rs 5000 for each return....
Hari
(Chartered Accountant)
(159 Points)
Replied 27 June 2011
For A.Y 2009-10 last date for filing belated return is march 31, 2011
and for A.Y 2010-11 last date for filing march 31, 2012
and if the income tax payable is more than 5000/-then the assessee is liable to pay both penalty and int on tax for each Assessment year seperately
pooja
(Accounts Executive)
(69 Points)
Replied 28 June 2011
hmm,thanks...But i thnk ther's would not b coming any Tax to b paid by the concerned indivdual..so not to worry..:)..Thank u frnds...:)
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