Income Tax Return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 December 2010 The Income Tax Return of an individual have been filed till A.Y.2001-02 as income from Business & Professin. Den no returns were filed after the said Assessment year.

I need to know what is to be done to File the returns of A.Y. 2009-10? What can be done about the returns for the year which I could not file after A.Y. 2001-02.

CA Ankit Gulgulia (Jain)

CA Ankit Gulgulia (Jain) (Expert)
Follow

21 December 2010 As far As AY 2009 - 2010 is Concerned the T/L u/s 139 has gone By. But You can file a Belated Return. If You are Filing ITR 4 and has Losses to carry forward no such Carry Forward of Losses will be Allowed.

Further the Returns that could not be filed even in the t/l of belated return ( 1 Yr from end of Rel. AY or Completion of Assessment) Cannot be Filed Now.

Regards
Ankit