Since i am away from my base city, i will not be able to file return by 31st july.There is no excess tax payable since everything has been deducted at source by employer.If i filw in August, will i attract penality
RE:Penality
by bhupinder rawat on Jul 26, 2008 02:33 PM Permalink
You can file your ITR for the F.Y. 2007-2008 before 31st March 2009. No panelty arise on non filing of ITR. If failed before 31st March 2009, then you attrach Rs. 5000/- panelty of Non-filing of ITR in time. So without fear you can file ITR in August. I also suggest you that You can file ITR through efling also and you have to get 15 days more time i.e. 15th August 2008 for filed your acknowledgement in your base city
