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

[Asked by Guest]

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

[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.

AI Summary

Late filing of nil income tax return permissible and attracts no interest when declared tax liability is nil.
The advisory states a taxpayer may still file a nil ITR-1 after the due date and that where the return declares no tax liability, no interest is payable; filing is presented as a voluntary compliance measure under the statutory filing provision.