dear frnds ,
i want to submit income tax return of f.y.2007-08 in current a.y.
shall i liable for penaty u/s205 in future?
wt will b ur ans if i submit return online.
dear frnds ,
i want to submit income tax return of f.y.2007-08 in current a.y.
shall i liable for penaty u/s205 in future?
wt will b ur ans if i submit return online.
Section 139(4) provides that a return which has not been furnished by the due date may still be furnished as a belated return before the expiry of one year from the end of the assessment year or before the completion of assessment, whichever is earlier. However, on any return of income that has not been filed by the end of the relevant assessment year, penalty of Rs.5000/- u/s 271F shall be levied.
Thus the return for the year 2007-2008 can be filled upto 31.03.2010 and not latter than that.
Hope this helps................................:)
No you can’t file your return. Pls communicate to AO and take permission for F.y. 2007-08. If AO grant permission than only you fine your return but I think that you will get permission for file. Or you can file with penalty of Rs.5000/- u/s 271F.
tnx sweta balu and pankaj for help me...
bt according to mr. pankaj how can i take permission from AO, can i apply online and according to sweta how can i know about completion of assessment.
YOU CANT FILE THE RETURN NOW, YOUR AY 2008-09, THE LAST DATE TO FILE THE RETURN WAS MARCH 31ST 2010 WHICH IS OVER.. YOU NEED TO GO YOUR WARD AO TO GET PERMISSION IF HE SAY YES THEN YOU CAN FILE RETURN ONLINE R MANUL WITH SOME CHARGES..
bt if i filed it before 31.03.10(on back date) than any penalty levied upon me.
Dear Balu,
Is it possible to file return after 31st march 2010. please mention under which section it's allowed ?
U can't file return after 31st march 2010 (as per Income Tax). But if u really wants to file the return, den u cn talk to the clerk and give him some bribe. Ur matter will be solved, However there are no sections for it (atleast not in Income Tax)
| Originally posted by : pankaj | ||
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No you can’t file your return. Pls communicate to AO and take permission for F.y. 2007-08. If AO grant permission than only you fine your return but I think that you will get permission for file. Or you can file with penalty of Rs.5000/- u/s 271F. |
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Its right.....
I agree shweta answer.
Dear Shweta
return of f.y. 2007-08 can be filled upto 31.03.09
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