Missed itr

Ist tell me the you have been paid tax or not . if you paid all tax in time ,there is no penalty because upto the 500000/- salary income there is no need to file return if emlployer issued form 16.

thanks 

Originally posted by : Advocate Abhijeet soni
	Ist tell me the you have been paid tax or not . if you paid all tax in time ,there is no penalty because upto the 500000/- salary income there is no need to file return if emlployer issued form 16. thanks

Hello,

I have not paid any tax for the period 2009 - 2010,

Thanks.....

r u have form 16 issued by employer?

yes....i have form 16, but if i would not had form 16 would be the consequences

please check the form 26 as on the site of incometax online that show the tds report deposited by employer that is equal to 16

They have not deposited TDS.....

u and ur employer both are in defult .

yes....so what would be penalties and interest now.

Firstly I want to clarify that the CBDT had exempted salaried employees having total income of up to Rs 5 lakh including income from other sources upto Rs 10,000 from the requirement of filing income tax return only for assessment year 2011-12 and 2012-13, respectively.

Income tax return not filled by your accountant belongs to Asstt. Year 2010-11. So this provision is not applicable in your case.

You can file your income tax return upto 31st march 2012 for the financial year ending 31st march 2010 with penalty of Rs. 5,000. So it is not possible for u to file the income tax return now for Astt. Year 2010-11.

So just forget about it now, as u cannot do anything until any notice is received by u from income tax department under section 147 of Income Tax act. If u have deposited the full amount of income tax then u need not to worry about it as well.

Rohit Gupta

E mail:- RHT1203 @ gmail.com 
 

Hello Mr. Rohit,

Yes i have received a notice from Income tax department for non filing in that year and also detected some of my credit card payment made by me of around 200000/-

so they are seeking clarification, so in this case what should i do ?

and what would be penalties and interest if i have taxable income,

Thanks...