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my it return of py2013-14 is yet to be filled. please tell me what is the consequences of this and till when i can file my return
Replies (2)
You have to file within 30-7-2014
Since due date is over now u can file balated return within 31-3-2015 without interest and within 31-3-2016 with 1%interest on due amount. And IT may issue notice to pay 5000penllty for late payment.(posibility less)
Even i do not pay income tax yet.my tax is below 5000.so am i liable for penalty
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