ITR - Belated return - Professionals - Taxation - TIK Share
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ITR - Belated return

Rakesh Bharadwaj


My Income is below taxable limit. However, i want to file return as bankers are asking for the purpose of loan. the due date has already got over. Can i now file a belated return ? Will i liable to penalty u/s 271F of Rs 5000 /-

Rahul Rai


Yes, you can file nil returns or returns for income below taxable limits. Penalty will not be attracted.