LAPSE IN FILING RETURN AND NO PAN NO. AS YET

This query is : Resolved

Advocate Vivek Kumar Sancheti (Querist)
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22 September 2008 SIR,MY CLIENT FILED HIS LAST RETURN IN THE ASSESSMENT YEAR 1998-1999.HE DONT HAVE HIS PAN NUMBER.NOW,SIR,HE IS WILLING TO FILE HIS RETURN.
SIR,MY QUESTION IS WILL HE BE REQUIRED TO FILE HIS RETURN FROM THE AY-1999-2000 OR HE CAN START AFRESH AFTER GETTING IS PAN NO. FROM THE AY-2008-2009.
PLS REPLY URGENTLY.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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22 September 2008 Sir
PL TAKE PAN AND FILE RETURNS FOR THE ASST.YEARS 2007-08 AND 2008-09.PRIOR YEARS RETURN ARE BARRED BY TIME HENCE CANNOT BE FILED.

Advocate Vivek Kumar Sancheti

Advocate Vivek Kumar Sancheti (Querist)
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22 September 2008 THANKS SIR,
BUT SO FAR AS CAPITAL IN THE BALANCE SHEET IS CONCERNED,WHAT AMOUNT HAS TO BE TAKEN?WHAT WILL BE THE EFFECT ON CAPITAL FOR THE PERIODS
DURING WHICH THE RETURN WERE NOT FILED.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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22 September 2008 Sir
Every year financial statements has to be prepared,even though return is not filed, for continuity purposes.

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