income tax related 2
This query is : Resolved
11 March 2011
Hi,
Dear sir,
i want to know about the back dated Filing return.
one of my friend having Trading Metal which is based on Commission basis. he is doing form his home. so got around 12kto 15k in a month yearly 160000.
he want to file F.Y.208-09 w.R. T. A.Y.9-10 so can he file in this year?
he want to keep gap around 6 month for 2008-09 return and 09-10 current return.
so for me how to file Back dated return and Current return this year keeping gap of 6 month.
please advice me what to do?
can i do on E-file if i do E-File then how to keep gap of 6 month?
thanks
jinesh
Dear sir,
i want to know about the back dated Filing return.
one of my friend having Trading Metal which is based on Commission basis. he is doing form his home. so got around 12kto 15k in a month yearly 160000.
he want to file F.Y.208-09 w.R. T. A.Y.9-10 so can he file in this year?
he want to keep gap around 6 month for 2008-09 return and 09-10 current return.
so for me how to file Back dated return and Current return this year keeping gap of 6 month.
please advice me what to do?
can i do on E-file if i do E-File then how to keep gap of 6 month?
thanks
jinesh
12 March 2011
Your question is not very clear still I will try to answer it. Return for AY 09-10 whether paper or efiling can be done only upto 31st March, 2011. As regards Return for AY 08-09 it is time barred and cannot be filed. Return for AY 10-11 can be filed upto 31.3.2012.
14 March 2011
one year extension we are getting please give me Section No. underwhich i come to know abount the period of filing
14 March 2011
pls ans what to do if i keep gap of 6 month from my back dated A.Y.09-10 and A.Y. 10-11.
how can i select the mode of filing ? it is E-filing or paper filing?
how can i select the mode of filing ? it is E-filing or paper filing?
31 July 2024
Filing backdated income tax returns and current returns involves understanding the timelines and procedures outlined by the Income Tax Act. Here’s a step-by-step guide to handling backdated and current return filings, including how to manage gaps between them:
### **1. Filing Backdated Returns**
#### **A. For Financial Year 2008-09 (Assessment Year 2009-10):**
**Timelines:**
- **Original Return Filing Deadline:** Generally, the due date for filing returns is July 31 of the assessment year (e.g., July 31, 2009, for FY 2008-09).
- **Belated Return Filing:** As per Section 139(4) of the Income Tax Act, belated returns can be filed within the end of the relevant assessment year plus one additional year (i.e., until March 31, 2011, for FY 2008-09).
**Steps to File:**
1. **E-Filing Portal:** Check if the Income Tax Department's e-filing portal still accepts returns for FY 2008-09. If available, you can file the return online.
2. **Paper Filing:** If e-filing is not available, you may need to file a paper return. Download the appropriate ITR form from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Be aware that late fees and penalties might be applicable for filing belated returns. Ensure to compute and pay these fees as per the guidelines.
#### **B. For Financial Year 2009-10 (Assessment Year 2010-11):**
**Timelines:**
- **Original Return Filing Deadline:** July 31, 2010.
- **Belated Return Filing:** As per Section 139(4), belated returns for FY 2009-10 can be filed by March 31, 2012.
**Steps to File:**
1. **E-Filing Portal:** Similar to FY 2008-09, check the e-filing portal for availability. If it allows, file the return online.
2. **Paper Filing:** If e-filing is not available, use the manual filing process. Obtain the correct ITR form for FY 2009-10 from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Again, be mindful of any applicable late fees or penalties.
### **2. Managing Gaps Between Returns**
- **Gaps in Filing:** There is no specific provision allowing a gap between the filing of backdated and current returns. However, it’s essential to ensure that all returns are filed correctly and promptly.
- **Current Year Return:** For the current financial year, file the return as per the regular due dates (typically July 31 of the assessment year).
### **3. How to Select the Mode of Filing**
- **E-Filing:** Preferred for its convenience. If the portal allows, you can e-file both backdated and current returns. Check the e-filing website for availability.
- **Paper Filing:** If e-filing is not possible for backdated returns, you must file paper returns. Ensure to obtain the correct forms for the respective financial years.
### **4. Sections Related to Filing and Extensions**
- **Section 139(4):** Allows for belated return filing within the stipulated time frame.
- **Section 139(5):** Pertains to revised returns, which can be filed if there is a mistake or omission in the original return.
- **Section 234F:** Relates to late fees for belated return filings.
### **Summary**
1. **Check Availability:** Determine if the Income Tax e-filing portal allows backdated return filing. If not, prepare to file manually.
2. **File Returns:** For both backdated and current years, file the returns as per the availability and due dates.
3. **Penalties:** Be prepared to pay any late fees or penalties applicable for belated returns.
4. **Current Return:** File the current year’s return according to the regular deadlines.
It’s a good practice to consult a tax professional for accurate filing and to handle any complex situations, especially when dealing with multiple years and backdated returns.
### **1. Filing Backdated Returns**
#### **A. For Financial Year 2008-09 (Assessment Year 2009-10):**
**Timelines:**
- **Original Return Filing Deadline:** Generally, the due date for filing returns is July 31 of the assessment year (e.g., July 31, 2009, for FY 2008-09).
- **Belated Return Filing:** As per Section 139(4) of the Income Tax Act, belated returns can be filed within the end of the relevant assessment year plus one additional year (i.e., until March 31, 2011, for FY 2008-09).
**Steps to File:**
1. **E-Filing Portal:** Check if the Income Tax Department's e-filing portal still accepts returns for FY 2008-09. If available, you can file the return online.
2. **Paper Filing:** If e-filing is not available, you may need to file a paper return. Download the appropriate ITR form from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Be aware that late fees and penalties might be applicable for filing belated returns. Ensure to compute and pay these fees as per the guidelines.
#### **B. For Financial Year 2009-10 (Assessment Year 2010-11):**
**Timelines:**
- **Original Return Filing Deadline:** July 31, 2010.
- **Belated Return Filing:** As per Section 139(4), belated returns for FY 2009-10 can be filed by March 31, 2012.
**Steps to File:**
1. **E-Filing Portal:** Similar to FY 2008-09, check the e-filing portal for availability. If it allows, file the return online.
2. **Paper Filing:** If e-filing is not available, use the manual filing process. Obtain the correct ITR form for FY 2009-10 from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Again, be mindful of any applicable late fees or penalties.
### **2. Managing Gaps Between Returns**
- **Gaps in Filing:** There is no specific provision allowing a gap between the filing of backdated and current returns. However, it’s essential to ensure that all returns are filed correctly and promptly.
- **Current Year Return:** For the current financial year, file the return as per the regular due dates (typically July 31 of the assessment year).
### **3. How to Select the Mode of Filing**
- **E-Filing:** Preferred for its convenience. If the portal allows, you can e-file both backdated and current returns. Check the e-filing website for availability.
- **Paper Filing:** If e-filing is not possible for backdated returns, you must file paper returns. Ensure to obtain the correct forms for the respective financial years.
### **4. Sections Related to Filing and Extensions**
- **Section 139(4):** Allows for belated return filing within the stipulated time frame.
- **Section 139(5):** Pertains to revised returns, which can be filed if there is a mistake or omission in the original return.
- **Section 234F:** Relates to late fees for belated return filings.
### **Summary**
1. **Check Availability:** Determine if the Income Tax e-filing portal allows backdated return filing. If not, prepare to file manually.
2. **File Returns:** For both backdated and current years, file the returns as per the availability and due dates.
3. **Penalties:** Be prepared to pay any late fees or penalties applicable for belated returns.
4. **Current Return:** File the current year’s return according to the regular deadlines.
It’s a good practice to consult a tax professional for accurate filing and to handle any complex situations, especially when dealing with multiple years and backdated returns.
31 July 2024
Filing backdated income tax returns and current returns involves understanding the timelines and procedures outlined by the Income Tax Act. Here’s a step-by-step guide to handling backdated and current return filings, including how to manage gaps between them:
### **1. Filing Backdated Returns**
#### **A. For Financial Year 2008-09 (Assessment Year 2009-10):**
**Timelines:**
- **Original Return Filing Deadline:** Generally, the due date for filing returns is July 31 of the assessment year (e.g., July 31, 2009, for FY 2008-09).
- **Belated Return Filing:** As per Section 139(4) of the Income Tax Act, belated returns can be filed within the end of the relevant assessment year plus one additional year (i.e., until March 31, 2011, for FY 2008-09).
**Steps to File:**
1. **E-Filing Portal:** Check if the Income Tax Department's e-filing portal still accepts returns for FY 2008-09. If available, you can file the return online.
2. **Paper Filing:** If e-filing is not available, you may need to file a paper return. Download the appropriate ITR form from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Be aware that late fees and penalties might be applicable for filing belated returns. Ensure to compute and pay these fees as per the guidelines.
#### **B. For Financial Year 2009-10 (Assessment Year 2010-11):**
**Timelines:**
- **Original Return Filing Deadline:** July 31, 2010.
- **Belated Return Filing:** As per Section 139(4), belated returns for FY 2009-10 can be filed by March 31, 2012.
**Steps to File:**
1. **E-Filing Portal:** Similar to FY 2008-09, check the e-filing portal for availability. If it allows, file the return online.
2. **Paper Filing:** If e-filing is not available, use the manual filing process. Obtain the correct ITR form for FY 2009-10 from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Again, be mindful of any applicable late fees or penalties.
### **2. Managing Gaps Between Returns**
- **Gaps in Filing:** There is no specific provision allowing a gap between the filing of backdated and current returns. However, it’s essential to ensure that all returns are filed correctly and promptly.
- **Current Year Return:** For the current financial year, file the return as per the regular due dates (typically July 31 of the assessment year).
### **3. How to Select the Mode of Filing**
- **E-Filing:** Preferred for its convenience. If the portal allows, you can e-file both backdated and current returns. Check the e-filing website for availability.
- **Paper Filing:** If e-filing is not possible for backdated returns, you must file paper returns. Ensure to obtain the correct forms for the respective financial years.
### **4. Sections Related to Filing and Extensions**
- **Section 139(4):** Allows for belated return filing within the stipulated time frame.
- **Section 139(5):** Pertains to revised returns, which can be filed if there is a mistake or omission in the original return.
- **Section 234F:** Relates to late fees for belated return filings.
### **Summary**
1. **Check Availability:** Determine if the Income Tax e-filing portal allows backdated return filing. If not, prepare to file manually.
2. **File Returns:** For both backdated and current years, file the returns as per the availability and due dates.
3. **Penalties:** Be prepared to pay any late fees or penalties applicable for belated returns.
4. **Current Return:** File the current year’s return according to the regular deadlines.
It’s a good practice to consult a tax professional for accurate filing and to handle any complex situations, especially when dealing with multiple years and backdated returns.
### **1. Filing Backdated Returns**
#### **A. For Financial Year 2008-09 (Assessment Year 2009-10):**
**Timelines:**
- **Original Return Filing Deadline:** Generally, the due date for filing returns is July 31 of the assessment year (e.g., July 31, 2009, for FY 2008-09).
- **Belated Return Filing:** As per Section 139(4) of the Income Tax Act, belated returns can be filed within the end of the relevant assessment year plus one additional year (i.e., until March 31, 2011, for FY 2008-09).
**Steps to File:**
1. **E-Filing Portal:** Check if the Income Tax Department's e-filing portal still accepts returns for FY 2008-09. If available, you can file the return online.
2. **Paper Filing:** If e-filing is not available, you may need to file a paper return. Download the appropriate ITR form from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Be aware that late fees and penalties might be applicable for filing belated returns. Ensure to compute and pay these fees as per the guidelines.
#### **B. For Financial Year 2009-10 (Assessment Year 2010-11):**
**Timelines:**
- **Original Return Filing Deadline:** July 31, 2010.
- **Belated Return Filing:** As per Section 139(4), belated returns for FY 2009-10 can be filed by March 31, 2012.
**Steps to File:**
1. **E-Filing Portal:** Similar to FY 2008-09, check the e-filing portal for availability. If it allows, file the return online.
2. **Paper Filing:** If e-filing is not available, use the manual filing process. Obtain the correct ITR form for FY 2009-10 from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Again, be mindful of any applicable late fees or penalties.
### **2. Managing Gaps Between Returns**
- **Gaps in Filing:** There is no specific provision allowing a gap between the filing of backdated and current returns. However, it’s essential to ensure that all returns are filed correctly and promptly.
- **Current Year Return:** For the current financial year, file the return as per the regular due dates (typically July 31 of the assessment year).
### **3. How to Select the Mode of Filing**
- **E-Filing:** Preferred for its convenience. If the portal allows, you can e-file both backdated and current returns. Check the e-filing website for availability.
- **Paper Filing:** If e-filing is not possible for backdated returns, you must file paper returns. Ensure to obtain the correct forms for the respective financial years.
### **4. Sections Related to Filing and Extensions**
- **Section 139(4):** Allows for belated return filing within the stipulated time frame.
- **Section 139(5):** Pertains to revised returns, which can be filed if there is a mistake or omission in the original return.
- **Section 234F:** Relates to late fees for belated return filings.
### **Summary**
1. **Check Availability:** Determine if the Income Tax e-filing portal allows backdated return filing. If not, prepare to file manually.
2. **File Returns:** For both backdated and current years, file the returns as per the availability and due dates.
3. **Penalties:** Be prepared to pay any late fees or penalties applicable for belated returns.
4. **Current Return:** File the current year’s return according to the regular deadlines.
It’s a good practice to consult a tax professional for accurate filing and to handle any complex situations, especially when dealing with multiple years and backdated returns.
31 July 2024
Filing backdated income tax returns and current returns involves understanding the timelines and procedures outlined by the Income Tax Act. Here’s a step-by-step guide to handling backdated and current return filings, including how to manage gaps between them:
### **1. Filing Backdated Returns**
#### **A. For Financial Year 2008-09 (Assessment Year 2009-10):**
**Timelines:**
- **Original Return Filing Deadline:** Generally, the due date for filing returns is July 31 of the assessment year (e.g., July 31, 2009, for FY 2008-09).
- **Belated Return Filing:** As per Section 139(4) of the Income Tax Act, belated returns can be filed within the end of the relevant assessment year plus one additional year (i.e., until March 31, 2011, for FY 2008-09).
**Steps to File:**
1. **E-Filing Portal:** Check if the Income Tax Department's e-filing portal still accepts returns for FY 2008-09. If available, you can file the return online.
2. **Paper Filing:** If e-filing is not available, you may need to file a paper return. Download the appropriate ITR form from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Be aware that late fees and penalties might be applicable for filing belated returns. Ensure to compute and pay these fees as per the guidelines.
#### **B. For Financial Year 2009-10 (Assessment Year 2010-11):**
**Timelines:**
- **Original Return Filing Deadline:** July 31, 2010.
- **Belated Return Filing:** As per Section 139(4), belated returns for FY 2009-10 can be filed by March 31, 2012.
**Steps to File:**
1. **E-Filing Portal:** Similar to FY 2008-09, check the e-filing portal for availability. If it allows, file the return online.
2. **Paper Filing:** If e-filing is not available, use the manual filing process. Obtain the correct ITR form for FY 2009-10 from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Again, be mindful of any applicable late fees or penalties.
### **2. Managing Gaps Between Returns**
- **Gaps in Filing:** There is no specific provision allowing a gap between the filing of backdated and current returns. However, it’s essential to ensure that all returns are filed correctly and promptly.
- **Current Year Return:** For the current financial year, file the return as per the regular due dates (typically July 31 of the assessment year).
### **3. How to Select the Mode of Filing**
- **E-Filing:** Preferred for its convenience. If the portal allows, you can e-file both backdated and current returns. Check the e-filing website for availability.
- **Paper Filing:** If e-filing is not possible for backdated returns, you must file paper returns. Ensure to obtain the correct forms for the respective financial years.
### **4. Sections Related to Filing and Extensions**
- **Section 139(4):** Allows for belated return filing within the stipulated time frame.
- **Section 139(5):** Pertains to revised returns, which can be filed if there is a mistake or omission in the original return.
- **Section 234F:** Relates to late fees for belated return filings.
### **Summary**
1. **Check Availability:** Determine if the Income Tax e-filing portal allows backdated return filing. If not, prepare to file manually.
2. **File Returns:** For both backdated and current years, file the returns as per the availability and due dates.
3. **Penalties:** Be prepared to pay any late fees or penalties applicable for belated returns.
4. **Current Return:** File the current year’s return according to the regular deadlines.
It’s a good practice to consult a tax professional for accurate filing and to handle any complex situations, especially when dealing with multiple years and backdated returns.
### **1. Filing Backdated Returns**
#### **A. For Financial Year 2008-09 (Assessment Year 2009-10):**
**Timelines:**
- **Original Return Filing Deadline:** Generally, the due date for filing returns is July 31 of the assessment year (e.g., July 31, 2009, for FY 2008-09).
- **Belated Return Filing:** As per Section 139(4) of the Income Tax Act, belated returns can be filed within the end of the relevant assessment year plus one additional year (i.e., until March 31, 2011, for FY 2008-09).
**Steps to File:**
1. **E-Filing Portal:** Check if the Income Tax Department's e-filing portal still accepts returns for FY 2008-09. If available, you can file the return online.
2. **Paper Filing:** If e-filing is not available, you may need to file a paper return. Download the appropriate ITR form from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Be aware that late fees and penalties might be applicable for filing belated returns. Ensure to compute and pay these fees as per the guidelines.
#### **B. For Financial Year 2009-10 (Assessment Year 2010-11):**
**Timelines:**
- **Original Return Filing Deadline:** July 31, 2010.
- **Belated Return Filing:** As per Section 139(4), belated returns for FY 2009-10 can be filed by March 31, 2012.
**Steps to File:**
1. **E-Filing Portal:** Similar to FY 2008-09, check the e-filing portal for availability. If it allows, file the return online.
2. **Paper Filing:** If e-filing is not available, use the manual filing process. Obtain the correct ITR form for FY 2009-10 from the Income Tax Department’s website and submit it manually.
3. **Late Fees:** Again, be mindful of any applicable late fees or penalties.
### **2. Managing Gaps Between Returns**
- **Gaps in Filing:** There is no specific provision allowing a gap between the filing of backdated and current returns. However, it’s essential to ensure that all returns are filed correctly and promptly.
- **Current Year Return:** For the current financial year, file the return as per the regular due dates (typically July 31 of the assessment year).
### **3. How to Select the Mode of Filing**
- **E-Filing:** Preferred for its convenience. If the portal allows, you can e-file both backdated and current returns. Check the e-filing website for availability.
- **Paper Filing:** If e-filing is not possible for backdated returns, you must file paper returns. Ensure to obtain the correct forms for the respective financial years.
### **4. Sections Related to Filing and Extensions**
- **Section 139(4):** Allows for belated return filing within the stipulated time frame.
- **Section 139(5):** Pertains to revised returns, which can be filed if there is a mistake or omission in the original return.
- **Section 234F:** Relates to late fees for belated return filings.
### **Summary**
1. **Check Availability:** Determine if the Income Tax e-filing portal allows backdated return filing. If not, prepare to file manually.
2. **File Returns:** For both backdated and current years, file the returns as per the availability and due dates.
3. **Penalties:** Be prepared to pay any late fees or penalties applicable for belated returns.
4. **Current Return:** File the current year’s return according to the regular deadlines.
It’s a good practice to consult a tax professional for accurate filing and to handle any complex situations, especially when dealing with multiple years and backdated returns.
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