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Tax Return for AY 2008-09

Subrahmanyam (Self) (24 Points)

11 July 2011

I have to file for AY 2008-09 but now it seems I will not be able to do as the due date is over by 2010 March. Can you let me know if there is any other way that I can file the returns for this AY?

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7 Replies

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 11 July 2011

write to CIT, with your submission , why you did not filed within tiume, and why you are willing to file now, he will grant permission to file return after verification of facts.

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hitesh (Telecom Industry) (169 Points)
Replied 12 July 2011

the due date for completion of assement of A.Y. 2008-09 was 31st Dec'2010... no chance now...

(Guest)

pay penalty of Rs.5000 + and file

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 12 July 2011

Originally posted by : ram babu b.com
	pay penalty of 5000 + and file

without permission of CIT, can it be filed? even if he is ready to pay penalty.......... pls look in depth the year

Vikas (CA) (1135 Points)
Replied 12 July 2011

Originally posted by : ram babu b.com
	pay penalty of 5000 + and file

Penalty u/s.271F won't resolve the problem as the due date has already elapsed.

I think u should listen Mr. Sharma, and file an application for return filing to CIT, if he grants then it can be done, but chances are rare...

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Taxache (Strategy) (36 Points)
Replied 15 July 2011

The tax 40K is due on my friend from FY 2006-07. This mistake happened because he had received two Form 16 in that year and assumed that tax liability is over since TDS was deducted by both employers.

But now, He can not file a revise return since it is more than 2 years old. He has not received any notice though from IT deptt. But still he wants to pay his tax (even with interest) to get the peace of mind. Can something be done now? Please suggest.

How much can be the maximum penalty imposed on him if he gets notice say ater 5-10 years?

Please advise.

Thanks