I am salaried person can I file income tax after 31 July tell me penalty and where I can file ?

Question

I am salaried person can I file income tax after 31 July tell me penalty and where I can file ?

Answer 1

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.

Section271F. 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.

You can file your ITR on-line.

Answer 2

Dear sir,

Law is very simple. You have paid all the taxes you need not to worry. Youc a file return up to 31/03/2009. But mind it if your taxes are due or still you have not calculated the taxes then you need to pay interest u/s 234A,B and C

Answer 3

You can file any time even after 31-Jul but if you are claiming refund of tax you should file with 31/Jul.

If you paid all the taxes need not worry about penalty if you have to pay some tax that amount will have to be paid with the interest.