Filling of Nil ITR-I can attract penalty for F.Y. 2013-2014, Income Tax

[manan pandya]

dear experts,

i have been filling of itr-1 from f.y. 2008-2009 to f.y. 2012-13 with no tax liability (Nil Return) but from f.y. 2013-14 i couldn't file it and due date of filling return is over for f.y. 2013-14 ...but i want to continue to file. as a nil return .

so is there any way to file ? pls. guide ..

regards,

Manan Pandya

Posts / Replies

[Ganeshan Kalyani]

Sir, in my view you can still file your return. And when there is no tax then there is no question for payment of applicable interest. Refer Section 139 of IT Act. Thanks.