Non filing of return

This query is : Resolved

kuntal dave (Querist)
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08 August 2009 An assessee having income from business has not filed returns for past 4 yrs. He did not have taxable income in all those 4 yrs.
Now he wants to file return for AY 09-10.

Is he required to file return for all those years or only for current year.
and is he liable for any fine

Jitender

Jitender (Expert)
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09 August 2009 it is the choice of the assesse to file return of earlier years. Although return beyond the F.Y.2007-08 can't be filed now.

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
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09 August 2009 Agree with Jitendra.

ravi taneja

ravi taneja (Expert)
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09 August 2009 return for AY2009-10 can be filed u/s 139 (1) and AY 2008-09 can be filed u/s 139 (4). as per section 139(1) if assessee is comapnay or firm then it is necessary to file return. plz clear that assessee is company or firm or individual etc.

kuntal dave

kuntal dave (Querist)
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09 August 2009 Thanx a lot!!!!!

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