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Not filled i.t. return

Hemang (Sr. Supervisor) (69 Points)

17 April 2014

Hi !

I would like to know till which date IT Return for F.Y. 2012-13 can filled. Return was not filled before 31st july 2013.

So, now till which date return for f.y. 2012-13 can filled ? any interest or penalty?

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12 Replies

CA Gaurav Mittal (Partner) (1230 Points)
Replied 17 April 2014

upto 31st March 2015

Ankit (Student) (661 Points)
Replied 17 April 2014

31 March 14.. If income above exemption limit.. 31 march 15.. If income below exemption limit..

CA Gaurav Mittal (Partner) (1230 Points)
Replied 17 April 2014

well you can file upto 31st march 2015 by paying penalty of Rs 5000

Vishal Jain (Practising CS) (38 Points)
Replied 17 April 2014

Hi.. It can be filed upto 31st of the March, 2015

Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2015 Points)
Replied 17 April 2014

it could be filed on or before 31/03/2014 with out penalty but now it can be file on or before 31/03/2015 with the expectation that AO can impose a penalty of Rs. 5000/- u/s 271 F

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Ramanuj (Accountant.) (834 Points)
Replied 17 April 2014

Agree with above you can file upto 31.3.2015. but may be levy on penalty. its depend on Ao.

sumit jain (Ca Final Student and Article) (71 Points)
Replied 17 April 2014

A.o. may impose the penalty of rs. 5000 u/s 271f. .

C.A Basant Raj kabra (no) (59 Points)
Replied 17 April 2014

You can file income tax return u/s139 as belated return within the one year end from financial year in which return required to file without any penalty. subject to section 234.

MOHIT SHARMA (Article Assistant) (40 Points)
Replied 17 April 2014

You can file return till 31st March 2015 without any penalty if your GTI is below basic exemption limit i.e. Rs. 2,00,000/- and even if your GTI is above basic limit, you can file your return but penalty of Rs. 5,000/- may imposed.

And if any tax is due after adusting prepaid taxes i.e. TDS, Advance tax, Self-Assessment tax etc. the interest @ 1% per month or part of month is imposed u/s 234A and interest u/s 234B and 234C may apply if advance tax liablity applicable.

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