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Filing itr

Saurabh Toshniwal (ca final) (2358 Points)

17 January 2013

for how many AYs itr can be filed in AY 2012-13

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CA. Subhash Dangi (Chartered Accountant) (1784 Points)
Replied 17 January 2013

You can file Income tax returns for the AY 2011-12 and AY 2012-13.

kavitha (studying final) (830 Points)
Replied 17 January 2013

Originally posted by : CA. Subhash Dangi
	You can file Income tax returns for the AY 2011-12 and AY 2012-13.

as you can file return within one year from the end of relevant assessment year without penalty

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 17 January 2013

Kavitha

Just to share, penalty can be levied under section 271F for 5,000 in case of belated filing of returns. It is another matter that this section is not strictly enforced by Revenue and is discretionary to be imposed by AO. But it is there and who knows, to mop up funds for Ministry, may be made mandatory.

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 17 January 2013

Originally posted by : Dipjyoti Majumdar
	Kavitha Just to share, penalty can be levied under section 271F for 5,000 in case of belated filing of returns. It is another matter that this section is not strictly enforced by Revenue and is discretionary to be imposed by AO. But it is there and who knows, to mop up funds for Ministry, may be made mandatory.