Late Return !!

In my opinion......any update from other learned mambers will be enlightning.....

For A.Y. 2008-09 return was filed...so refund will be received for the TDS..

For next two yrs not three....A. Y. 2009-10..a return can be filed if the commissioner of IT grants condonation of delay in filing the return

if income tax to be payable for A. Y. 2009-10 then there will be interest for late filing & int. for non payment of tax plus penalty may b imposed.

Yes the rfund will b adjusted against the demand of tax

for A. Y. 2010-11 a belated return can b filed but int liab on late filin as well as on non payment of tax(if any) will be there & penalty may also be imposed.