SubmittedTDS.is it necessary to file return when no more taxable income left and nothing for refund?

Question

in case it is mandatory what next solution since have not filed return ?

please help

Answer 1

It is mandatory to file income tax returns as you have a taxable income. You can now prepare and file your income tax returns absolutely free at http://eLagaan.com

The last date for filing returns for FY 2007-2008 is upto 31-Mar-2009.

Answer 2

yes ,if your Income is more than taxable income limit i.e 110000 in last year you are bound to file the return but don't worry you can file ur return upto 31.03.2009 without any penalty please read the details from here

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

Answer 3

You can file ITR upto 31.03.2009.

U/s 139 if your total income in respect of which you are assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax then you should furnish a return of your income during the previous year, in the prescribed form on or before the due date

U/s 234A- 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 % for every month or part of a month on the amount of the tax due as per the return

U/s 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 Rs. 5000/

Answer 4

You must file tax return if your income (before deductions) exceed amount not taxable, which is Rs. 1,10,000 for individuals for FY 2007-2008.

File your tax return. For information on your India Income Tax return and to download the forms, go to http://mytaxes.in/index.php?topic=32.0.

If you want to file online from income tax India site, read http://mytaxes.in/index.php?topic=94.0