Income tax return


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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2012 Dear expert,
One of my client does not files his income tax returns. In AY 2010-11 his tds was RS. 5.5 lacs and in AY 2011-12 his tds is around Rs. 7.2 lacs and in AY his tds is around Rs. 10.5 lacs. If he files his returns he may get refund around 10 to 12 lacs as a whole. Definitely in all 3 AYs his cases are liable to Audit.
Please advise me from which year from which AY he should start to file his returns.

06 August 2012 Return for AY 10-11 is time barred and CANNOT be filed now.

Return for AY 11-12 can be filed upto 31.03.2013.

However, penalty shall be levied for not getting books of accounts audited.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2012 If I files return of AY 2011-12 and of AY 2012-13, whether the department will dig the matter of AY 2010-11 and earlier years?

06 August 2012 Yes the assessee will receive a notice for AY 10-11.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2012 then what is to do in respect of AY 2010-11. And what is better between efiling and manual filing for the above case.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2012 then what is to do in respect of AY 2010-11. And what is better between efiling and manual filing for the above case.

06 August 2012 You cannot do anything in respect of AY 10-11.

When the notice is served, furnish a return in response to the notice.

It is better to file an electronic return.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 August 2012 For the AY 2011-12, It would be better to arrange back dated audit report made before 30-09-2011 or It should be made on at present date.

07 August 2012 The date of the audit report is not relevanlt.

The audit report is to be submitted on or before the due date of filing the return.

SInce the same has not been furnished, penalty shall be levied.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 August 2012 whether the audit report is mandatory to furnish at local office or it should be furnish when department ask for it.

07 August 2012 Details of audit report including name & membership number of auditor are to be filled in the return.


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