Hi everyone,
can i submit ITR return for F.Y 08-09 today?
9 Replies
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 01 April 2010
Yes you can and the last day for the same is 31.03.2011. However penalty can be levied of Rs. 5,000/- is tax payable is outstanding u/s 271F
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27199 Points)
Replied 01 April 2010
You May File Return Today too as a Belated return....
Last Date For Same is 31/03/2011..........
A Penalty of Rs. 5000/- will Be levied.............is You Have Any Tax Liability.I Mean Your File is Taxable......
and No Loss will Be Carried Forward...
and No refund of TDS can Be Claimed.............
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 01 April 2010
If there is no tax liability, then penalty will not levied.
regards,
ratan
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 01 April 2010
moreever u cn file ur return upto 31.03.2011.
regards,
ratan
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 01 April 2010
If there is no tax liability, then penalty should be levied.
Deepak
(Article Assistant)
(27 Points)
Replied 01 April 2010
If Total Income is less then exemption limit of that year
then penalty is levied
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