E-filing of previous returns.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2012 Can we File E-Return Of Previous Three Years In A Single Current Assessment Year. And If Yes Then What Will Be The Penalty Of Late Filing.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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23 October 2012 Now you can't file previous three year returns. You can file For A.Y.11-12 and A.Y.12-13 return of income now only. Because of filing due date including belated return for A.Y.10-11 is elapsed the due date for it is 31-3-2012 u/s139(4).
So now you have chance to file A.Y.11-12 and 12-13 return of income only u/s139(4). However no penalty for it. In case you have any tax liability payable at the time of filing of return(i.e self assessment tax paid) then Interest according to the section 234A would be apply. However section 234B & 234C interest may also apply based on the quantum of amount of your total income tax liability.

OM SAI SRI SAI JAI JAI SAI

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