IT Return for last AY (2008-09)

Arun

As per section 139(4) told that you can file the return for the A.Y. 2008-09 up ro 31st March 2010 but it alsos says that you " MAY " be imposed of penalty of Rs. 5000 . So there may be some imposition OR may not be..................................

But if you not filed the return for A.Y. 2008-09 then as per my opinion you need not to worry & carry on for the A.Y. 2009-10........