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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2012
Can I file a Income Tax Return for the Financial Year 2003-04 to 2010-11 in Financial Year 2011-12.
if Yes What its Procedure.
4. I have a rented commercial property in Shopping Mall, which was purchased in 2007-08, if i sale this property, profit on sale of mentioned property calculate as capital gain in income tax.
if Yes What its Procedure.
4. I have a rented commercial property in Shopping Mall, which was purchased in 2007-08, if i sale this property, profit on sale of mentioned property calculate as capital gain in income tax.
28 March 2012
1. You can file the returns only for FY 09-10 and 10-11. The other returns are now time barred.
Further, penalty may be levied for delayed filing of return for FY 09-10.
You have to file the returns by 31.3.2012
2. Profit on sale of commercial property shall be taxable as Long Term Capital Gain.
Further, penalty may be levied for delayed filing of return for FY 09-10.
You have to file the returns by 31.3.2012
2. Profit on sale of commercial property shall be taxable as Long Term Capital Gain.
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