18 April 2009
A person wants to avail a loan from a bank. For that he needs the IT returns for the last three years i.e F.Y. 2006-07, 2007-8 and 2008-09. He had income from business below exemption limit, so he did not file the returns in the past. He needs to file the same now. My query is that 1 whether he can file the returns for all the three years or only last two yrs' returns can be filed ? 2 If for the F.Y. 2006-07 return can be filed, then it is to be filed in ITR-4 or the form applicable in the F.Y. 2006-07. 3 Otherwise also, I want to know if one wants to file the return at a later date then the Return is to be filed in the form applicable for the concerned year or for the year in which one is filing the return .Please guide as it is very urgent.
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