Back Years I.T. Returns
This query is : Resolved
17 April 2009
Sir,
How many back years I. T. Returns can be Filed by the assessee, if his net income is not taxable. And other side if income is taxable what are the penalties in Income Tax.
How many back years I. T. Returns can be Filed by the assessee, if his net income is not taxable. And other side if income is taxable what are the penalties in Income Tax.
17 April 2009
I.T. Return can be filed only last two financial years even income is not taxable.
18 April 2009
Whether the income is taxable or not, I.T. return can be filed for income of last two financial years only.
However, where income is taxable and return is filed after end of assessment year, The assessee will be liable for Penalty of Rs. 5000/-. E.g. If ITR for taxable income of financial year 2007-08 is filed on 16.04.2009, the assessee will be liable for penalty of Rs. 5000/-.
However, where income is taxable and return is filed after end of assessment year, The assessee will be liable for Penalty of Rs. 5000/-. E.g. If ITR for taxable income of financial year 2007-08 is filed on 16.04.2009, the assessee will be liable for penalty of Rs. 5000/-.
19 April 2009
Last 2 years
21 April 2009
i support the experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Not able to file ITR
- Presumptive income under Income tax act 2025
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
