banner_ad

Return filing late

ITR Filing 569 views 2 replies

CAN AN ASSESSEE FILE THE RETURN FOR P.Y. 2010-11 IN APRIL 2012 FOR CLAIMING THE TDS FOR THAT YEAR 2010-11

Replies (2)

yes

 

Belated Return (Sec. 139 (4))

If the return is not filed within the time allowed under section 139(1), the person may before the assessment is made, furnish the return of any previous year at any time before the end of one year form the end of relevant assessment year.

In your case (i.e. P.Y.  2010-2011) Asst. Year 2011-2012

One year form the end of relevant assessment year, end on 31.03.2013.

Therefore, he can file return upto 31.03.2013.

However :

He will be liable for interest u/s 234A

A penalty of Rs. 5000/- may be imposed u/s 271F.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details