DEAR SIR & FRIENDS....... HOW MUCH COMPULSARY GAP BETWEEN TOW F.Y....RETURN FILE
Compulsary gap between it return in income tax
Dhaval Valani (STP & CTP) (32 Points)
26 May 2017
Dhaval Valani (STP & CTP) (32 Points)
26 May 2017DEAR SIR & FRIENDS....... HOW MUCH COMPULSARY GAP BETWEEN TOW F.Y....RETURN FILE
Aditya Mishra
(2 Points)
Replied 26 May 2017
Sumeet
(CA)
(537 Points)
Replied 26 May 2017
No minimum time gap required between two IT returns as per Income Tax Act. But for Bank Loan or Finance, as correctly pointed out by Mr. Aditya, they usually prefer a minimum 6 months gap in normal circumstances.
Ram Singh
(ACCOUNTANT AND TAX CONSULTANT )
(7 Points)
Replied 27 May 2017
Yes minimum 6 months gap in normal circumstances. as per bank loan requrment.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
