26 February 2014
Here i have a doubt? A person having taxable income (tax liability) hasn't filed previous 2 years return i.e., from 11-12 &12-13.He filed returns regularly up to A.Y.10-11. Now he is applying for bank loan as per the bank rules they want 3 years returns. can he file 2 years return+ current year return on same date? if he can, how much will be the penalty to be paid?