Have’nt Filed return Yet, Don’t Worry!, But file now

The last date of filing Income tax return was 31st July 2008 for financial year 2007-08. (individual not business income whose account has been audited.). But don’t worry you can file it up to 31st march 2009 without any penalty. stop no no don’t get satisfied because you are liable to pay simple interest(1% for every month or part of a month of delay of filing of return) on your tax payable(after deducting TDS and advance Tax), if there is no tax payable then you can get satisfied(don’t need to pay any interest.)

You can deposit/file your return without any penal interest and penalty up to 31st march 2009.

My advise: My advise to you that please deposit your income tax return immediately. don’t wait up to last date.

Sections applicable for above post:
(sec.144, sec.234A, sec. 140A(1A))

Related posts:

1. What is meant by Revised Return? When can a Revised Return be filed?
2. Miss the Tax Deadlines: Don’t Worry You can file the Income tax return till March, 2011
3. File Income Tax Return Free | Do it Yourself
4. Confuse About Bank Tranfer Payee Name | Dont worry RBI has Solution for it.
5. Maharashtra VAT | How to file VAT Return FAQ