POSTED BY December 11, 2013 9:06 pm ONE COMMENTON
I write this w.ref. to your article here https://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html
I missed out file returns for AY 12-13 and AY 13-14. In either cases I donot owe any tax. TDS has already happened for the earnings in that FY.
I reason I could not file taxes is because I went abroad to purse higher education. I have returned now and not only need my returns but also interested in keeping my profile clear w.r.to IT dept.
The big worry I have is about the penalty imposed for not filing on-time. Your post offered me a bit of relief however I have a clarification to seek.
In your post I see that fine imposed depends on assessing officer. I just wanted to know if there is a way we can directly interact with officer before he levies penalty in my case. I strongly feel the reason is very genuine in my case as I was abroad and could not file taxes.
Some of my friends are suggesting not to file as it can slap a fine of Rs.5000/-. What is JI recommendation?
Looking for your help.