Can I file my ITR after 31st july if there is refund TDS OR TAX PAID AND DEDUCTED OR SAME NO TAX TO PAY?

Question

last date ITR 31.07.08

Answer 1

Yes, you can file after July 31st. You will pay interest on any tax due. If  you file after March 31, 2009, you will pay Rs. 5000 penalty.

Read about income tax return

http://mytaxes.in/index.php?topic=32.0

Answer 2

Hi,

Enjoy. If you don't have to pay anything (means zero tax liability or refund), you can file your return even after the deadline. The deadline is for those who have to PAY taxes.

Answer 3

yes ,you can file return after due date upto 31.03.2009 without any penalty

details check from here

http://simpletaxindia.blogspot.com/2008/...

Answer 4

Yes, you can file after 31/Jul, In case of Refund you need to file with in due date otherwise you will not get refund.

Answer 5

Section 234A. Interest for Late Filing of Return of Income

Where the return of income is furnished after the due date, or is not furnished, the assessee shall be liable to pay simple interest at the rate of 1 per cent for every month or part of a month on the amount of the tax due as per the return.

Section 234B. Interest for defaults in payment of advance tax

Where, an assessee who is liable to pay advance tax has failed to pay such tax or, where the advance tax paid by such assessee is less than ninety per cent of the assessed tax, the assessee shall be liable to pay simple interest at the rate of 1 per cent for every month or part of a month comprised in the period from the 1st day of April next following such financial year.

Section 271F. If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.]