Filing income tax return for fy 2010-2011

ITR 3871 views 7 replies

Sunil Kumar

Doctor

28 Points Joined April 2012

Hi, I did not file my returns last year for the income earned during the FY2010-2011. I did not file even by Mar 2012. But my income from salaries and house rent turns out to be less than the TDS paid. So in effect, I would have to get a refund. My question is that can I file the tax return now for the FY2010-2011 without penalty since my TDS is higher than the tax to be paid?

Replies (7)

VIJAYKUMAR

CHARTERED ACCOUNTANT

203 Points Joined August 2007

You Cannot do as the time limit for filing is expired.

Tehsinkhan Pathan

CA CMA DISA(ICAI) B.COM

3956 Points Joined November 2010

Yes, you can file belated return u/s 139 for F.y. 2010-2011 upto 31/03/2013...........

but penalty may be levied for late filing of return......................

Murtaza I Bhagat

Tax & Finance Consultant

10533 Points Joined January 2009

agree with Mr. Pathan, yes you can file belated return for the F.Y. 2010-11 u/s 139(4) last date is 31/03/2013

your + point is your TDS is higher than you tax, so in your case you can avail benefit of avoiding penalty

so file your return ASAP

Raman Aggarwal

Expert

363 Points Joined March 2012

Ya you can file your itr for fy 2010-11 income tax department may charge a fine of rs.5000. and refund will also provided

sreedhar adigopula

lll

21 Points Joined November 2012

i submitted income tax for the assment year 2010-2011. But i didnt get returns till now. How to get returns. Is there any process i need to follow or can i get some phone number for getting the details of this returns. I checked https://tin.tin.nsdl.com/oltas/servlet/TaxRefundStatus.Here it says Your assessing officer has not sent this refund to Refund Banker.

Ravi Kumar Mahaur

CA-FINAL

202 Points Joined August 2010

Yes you can file a belated return u/s139(4) but since you have not filed the ITR till 31/03/2012 you are liable to pay a fine Rs5000 u/s271F [for failure to file return u/s 139(1)].

Krishna

RM - Corp Banking

21 Points Joined November 2012

Hi, I've filed the IT return for FY2010 (AY10-11) thru Taxsmile with refund amount of 5K. However, in the return, i've mentioned my wife's a/c no for refund by mistake. erroneously. I checked https://tin.tin.nsdl.com/oltas/servlet/TaxRefundStatus. Here it says Your assessing officer has not sent this refund to Refund Banker. Is this due to the a/c no?? Is there any way to correct this now by filing revised return now? (Nov 2012)???