Filing of income tax return (Income Tax)

This query is : Resolved

sachin

( Author )
29 July 2012

I am an NRI since July 2007.
I have filed my Income tax Returns upto the FY 2006-07
Can I file returns for the FY 2007-08, FY 2008-09, FY 2009-10, FY 2010-11 and FY 2011-12
I have
1. Income from House property Rs 100000(Gross-not adjusted for any standard deduction)
2. Short Term capital Gain - around say Rs 40000 to Rs 60000 for each year mentioned above
3. Interest Income from Bank FD/SB (less than Rs 10000)
4. PPF Interest

Seek your guidance and expert opinion
Thanks and best regards
Sachin

Siddhartha Bhardwaj

( Expert )
30 July 2012

You can file returns only for FY 10-11 and FY 11-12. The time limit for filing returns for earlier periods has expired and therefore, cannot be filed.

Further, in respect of FY 10-11, penalty of Rs. 5,000 may be levied for late filing of return.