Income tax returns
This query is : Resolved
01 October 2012
Dear Sir,
One of the assessee has tds dededution of 10 to 15 lacs in each financial years.
However he did not file any income tax return yet. Now he wants to file his IT returns for AY 2010-11, AY 2011-12 and AY 2012-13. Whether still it is possible to file IT return for AY 2010-11?
If yes then what is the procedure and it would be better to file electronically or manually.
Please advise me.
One of the assessee has tds dededution of 10 to 15 lacs in each financial years.
However he did not file any income tax return yet. Now he wants to file his IT returns for AY 2010-11, AY 2011-12 and AY 2012-13. Whether still it is possible to file IT return for AY 2010-11?
If yes then what is the procedure and it would be better to file electronically or manually.
Please advise me.
01 October 2012
You can file returns of above mentioned years, but remember-
AY 12-13 = can file upto 31.0.2013
AY 11-12 = file it immediately but late filing penalty of 5000 may be levied by A>O
AY 10-11 = same as above
In addition to penalty interest under various sections like 234A, 234B, 234C, shall be applicable
and there is no difference of manual and e-filing, so go for e-filing of returns.
AY 12-13 = can file upto 31.0.2013
AY 11-12 = file it immediately but late filing penalty of 5000 may be levied by A>O
AY 10-11 = same as above
In addition to penalty interest under various sections like 234A, 234B, 234C, shall be applicable
and there is no difference of manual and e-filing, so go for e-filing of returns.
01 October 2012
But, AY 2010-11 is timebared from the purview of the act. Whether the cpc will consider the return for AY 2010-11.
01 October 2012
You can file the returns only for AY 11-12 and AY 2012-13.
The return for AY 10-11 could have been filed upto 31.03.2012.
Since the same is time barred, the return CANNOT be filed now.
The return for AY 10-11 could have been filed upto 31.03.2012.
Since the same is time barred, the return CANNOT be filed now.
01 October 2012
Than ks for correcting, yes Ay09-10 return cannot be filed now, since its TIME BARRED.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Filling ITR - U
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
