IT return

This query is : Resolved

Prakash (Querist)
Follow

15 December 2009 I want to submit my first IT return within 25th Dec'09. So, my query is, can I submit IT return first time last two F.Y. (2007-08 & 2008-09)at a time? My income last two f.y. was less than exemption limit.
But as per IT, any person can submit their return within relevant a.y. My question is, for IT return of F.Y. 2007-08 relevant a.y. 2008-09 already over, so can I submit IT nil return for 2007-08 ?

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
Follow

15 December 2009 You can file your Return of Income for both the years.

No penalty is there if there is NIL tax for A.Y. 2008-09. You can file 31 03 2008 return by 31 03 2010

You can file both the Returns at one time.

Take PAN first. Without PAN return will not be filed.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

15 December 2009 IT Dept. has given 2 years relief to those persons who really forgoted to filed their IT Returns in time...
So in your case You can file your 2 yrs returns befroe March'2010. ok if NIL no Problem about Sec.234A,B,C.
File your Return as early as possible but carefully.

Azmathullah Khan

Azmathullah Khan (Expert)
Follow

15 December 2009 Mr. Murtaza is very clear and write, u can file 2 yrs return.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

zafar chandwale

Partha Pratim Sen

Akash Sawant

John Ravindran Moses

Shashank S Gore

Subscribe Now

IT return

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

CA Final

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY