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Income tax

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(Querist)
23 May 2014 hi if a person had filed his it return last a.y 2000-01at that time closing bal. of capital of rs 200000 and afterword he has not filed any return now he want to filed his return how it is show in his balance sheet? gap between this return create any problems? actually assesee income under basic exemption limit
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
23 May 2014 There is no any problem. You can file return now. There is no any problem. For Individual, capital a/c is not required to file. So it does not create any problem.
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