Income tax

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Income Tax

In Financial Year 12-13, a Pvt Ltd Co. with Taxable Income 10 lacs has TDS of Rs 3.25 lacs. It has not filed the tax
return and wants to understand its implications and way forward.

 

Replies (2)

Dear,

You can file the return for the financial year 2012-13 upto 31st March, 2015.

Yes Mr. Sushil, last date for filing of income tax return is one year from the end of Assessment year. It will be 31/3/2015. If taxes are paid on time and only return is pending, not to worry about interest. File the return as soon as possible to avoid unnecessary consequences.


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