Date of Furnishing annual income tax return

[Aikkhilari]

<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by quaidian</i>
<br />What happens if one fails to submit his annual income tax returns on define date. I am talking about individual salaried person.

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This post is very much pertinent to my question posted recently on this post.

http//www.accountancy.com.pk/forum/topic.asp?topic_id=27179

Only difference is I am looking for individual business person rather than individual salaried person.

I would like to know, if there is <i><b>NO TAX PAYABLE</b></i> in previous years, is it still possible to file the returns for last (or previous) year?. If so, what are the penalties/charges?

A definite reference to any tribunal decision or such support would be icing on the cake [)].