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Filing of income tax return for the ay 2011-2012

sagar kotak (article) (65 Points)

11 March 2014

Can I filr income tax return for the AY 2011-2012 if i my gross total income had not exceeds basic exeption limit..?

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13 Replies

Manoj Mehta (Head Of Department (Accounts & Finance)) (1479 Points)
Replied 11 March 2014

Dear Yes you can file it online if the same is available on income tax site. Just go to income tax site and file it by downloading excel file or you can directly file it by your login id on it. I hope ans is clear to you Regards

Aniket Tater (Accounts Manager) (230 Points)
Replied 11 March 2014

My gross total income for AY 2011-12 is less than basic exemption limit. Whether I have to file IT reutrn for AY 2011-12 mandatorily.

However i have filed IT return for AY 2010-11

Manoj Mehta (Head Of Department (Accounts & Finance)) (1479 Points)
Replied 11 March 2014

No not manatory. But I advice you to do so because there are many benefit of the same. As returns are demanded in many places.

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Aniket Tater (Accounts Manager) (230 Points)
Replied 11 March 2014

what are the consequences of non-filing of return, if last date of submission of return & belated return is passed.

Manoj Mehta (Head Of Department (Accounts & Finance)) (1479 Points)
Replied 11 March 2014

Aniket your income is below taxable limit so not to worry for consequences.

Rupesh Soni (Taxation Consultant & CA final student) (493 Points)
Replied 11 March 2014

NO ITS TIMEBARRIED.... AS U CAN FILL ITR 2011-12 ONWARD BUT IF U FILL THN NO WORRY ABOUT CONSEQUNCE

Aniket Tater (Accounts Manager) (230 Points)
Replied 11 March 2014

Please ellaborate.. rupesh ...

CA Revati Galgali (B.com ACA DipIFR(ACCA) CS(Exe)) (1049 Points)
Replied 12 March 2014

You cannot e-file the returns for FY 10-11 AY 11-12, the maximum time limit is one year from end of AY 11-12, Which was 31-03-13, so the site wont accept the return, since it is time barred. However, you may try filing a physical return in your ward, and enclose a letter, explaining why such a delay in filing the return. I think, in case the reason is genuine, they may accept your return.

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