Income tax return

594 views 2 replies

Dear All,

 

One of my colleague was working in malaysia from last two assessment years. he left for malaysia on 28 february 2009 and landed back in india on 07 november 2010. and he have a PAN card too but he never filed Income tax return. now he want to file the ITR for assesment year 2008-09, 2009-10 and 2010-11. kindly suggest whether his income is taxable for last three assessment years and how much tax he have to pay as his gross salary was RM 2000 which comes around ₹28000 per month. and if taxable how much interest and penalty he have to pay along with tax. Kindly help.

 

Regards

Sushil Sharma

 

 

Replies (2)

It is advisable to not to file return for a.y. 2008 - 09, and 2009 - 10  as the a penalty of Rs. 5000/- will be attracted u/s 271F.

A.Y. - 2010 -11 i.e. F.Y. 2009 - 10

No. of days he was in India during F.Y. 2009 - 10 =  0 (as he left on 28.2.09 and returned on 7.11.10)

Residential status - Ordinary Resident (as he was for more than 2 yrs in last 10 yrs and for more than 730 days in last 7 yrs.)

Total Income- 28000*12= 336000

Tax-  Rs. 21200

Cess - 636

Total tax liability - Rs.21836/-

It is also advisable to file return for A.Y. 2011- 12 :)

 

thanks aparna. :)

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