DIFFERENCE BETWEEN FILING OF TWO INCOME-TAX RETURNS

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Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2011 Is there any requirement in law regarding the difference in time to be maintained between filing of income - tax returns?

i.e. If return for A.Y. 2010-11 has been filed on 20/03/2011, is there any requirement that atleast 6 months gap to be maintained for filing of return of A.Y. 2011-12?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 July 2011 No such restriction in Income tax Act,1961. However,financial institutions, when approached for assistance by the assessee's, may treat continuous filing of returns as bad governance.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 July 2011 No there is no such rule.

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