Income Tax return filing

last date was 5 of august....... ab nxt yr ek saath 2 yr ki file karna.....

/forum/limited-liablity-partnership-98007.asp

chekd out dude.....

Yes return for AY 2009-10 can be file upto 31-03-2011 but there is a clause of penalty of Rs. 5,000/-

Assesseecan file return upto 31.3.2011 for A/Y 2009-10.

But there is penalty of Rs.5,000/- if GTI exceeds exemption limit.

Dear Mukul

Can you please tell me the section which levy penalty of Rs.5,000/-. I am asking for learning purpose.

Dear Shivam

The question being asked is for F. Y. 2008 - 09 relevant to A. Y. 2009 - 10 whose due date was 31st July, 2009 and not 05th August, 2010. Actually it was 04th August, 2010 for A. Y. 2010 - 11 and not A. Y. 2009 - 10.

Dear Krishna

Penalty upto Rs. 5,000/- can be levied by the A. O. u/s 271F.

The return of income will have to filed with your normal Income Tax Ward officer and there would not be any interest u/s 234A, 234B or 234C as there is no tax payable and refund of tax is there.

So Aditya sir,

u r telling that i can file return without paying Rs5000/- and after that if A.O asking for penalty...i would have to pay at that time ??

Yes u can file without paying the penalty.

However for the penalty u can always contest that no tax was outstanding and take a lenient view to not to levy penalty if demanded by the A. O.

Thanks for the reply sir

agree with CA Aditya.