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Hi I had shifted job and while filing for return found that i have to pay some 40K more tax which i deposited, but forgot to file return. Next year i filed the return. In this case do i have to pay any tax bcz i got some notice around that. Ananth
It will be convinient to file the ITR timely if the ITR forms are readily available and do not change too frequently.it will also help if the same form can be used over the years as was in practice earlier with simple filing mechanism.
In the event of the salaried tax payer and those having no liability to pay tax but are doing so only for the purpose of record and safety like retired personnels whose income are only returns from their savings and investments, the last date for filing normal returns should be 31st March of the A.Y. In any case the target date of 31st July of the is not convenient as it is rainy season.
Re: Tax Returns
by suneeta kulkarni on Sep 09, 2011 08:03 AM
rainy season??? you mean your forms will get wet if you have to file returns in july!!!???