(Querist) 29 January 2011
This query is : Resolved
my uncle was not file his income tax return for AY 2009-10(PY 2008-09)but he had no taxes due.so how he would be penelised and is there any klast date to file his belated return.what are the consequences.please clarify me.
A V Vishal
(Expert) 29 January 2011
It is mandatory to file the return of income only in case the income crosses the amount exempt from tax. Further your uncle can file his return for A Y 2009-10 upto 31.03.2011. He can be penalized u/s.271F, which is generally not done in case there are no taxes due/payable.
(Expert) 30 January 2011
I THINK THE DUE DATE FOR FILING RETURN OF INCOME FOR THE A.Y.2009-10 IS 31-3-2010. IF HE FILES LATER THAN THIS DATE, HE CAN FILE THE SAME BUT MAY LIABLE FOR PENALTY U/S 271F.
(Expert) 16 April 2011
Since the person do not have any taxable income, the penalty is not leviable under section 271F.