Can my wife file Income tax return for AY 2008 2009 and 2009 -2010 now. She has 1 lacs Rs. Income from business. for those years.
Is filing return now allowed? Will this attract penalty or not?
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Filing Retuen for A 2008 2009 and 2009 -2010
Replies (4)
Mr. Kunal,
A.Y. 2008-09 is time barred If U hav taxable income or refund U can file the Return manually not electronically and office after issuing notice u/s 148 may complete the same and may issue notice u/s 271(c) and 2009-10 U hav time upto March 2011 with penalty of Rs. 5,000/- u/s 271F if it is taxable income.. It is discretion of AO
Surana,Chennai
9952967237
Karunesh
In case of filling return for Assessment year 08-09 it is not possible to file return now as it will be invalid.
But for A,Y,09-10 she can file return before 31st Mrch 2011. as per Sce 139 (4).
Regards
Karunesh
The income is below taxable limit for both the year, hence no need to file return for both the year.
Regards
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