Retun filing
This query is : Resolved
29 December 2014
I have a client who is not filed return from FY 2011-12 to till now, can he file return for FY 2011-12,2012-13,2013-14 & client is a company & please mention any provisions relating to it
CA Parul Saxena
(Expert)
29 December 2014
you can file return for the financial year 2013-14 till 31.03.16 and for the financial year 2014-15 till 31.03.17....
PRADEEP KUMAR VATS
(Expert)
29 December 2014
Dear Gnanadeep
As per section-139(1), Every assessee is required to file his/her/their return of income on or before 31st july ,30th september or 30th november of the assessment year.
And as per sec-139(4) i.e., belated return, an assessee can file belated return on or before 1year from the end of relevant assessment year or before completion of assessment by AO
whichever is earlier.
So answer will be
a) fy 2011-12 Not possible
b) fy 2012-13 (AY 2013-14)= upto 31st march,2015 or completion of assessment whichever is earlier.
c) fy 2013-14 (Ay 2014-15)= upto 31st march,2016 or before completion of assessment by AO whichever is earlier.
Regards
Pradeep Kumar
As per section-139(1), Every assessee is required to file his/her/their return of income on or before 31st july ,30th september or 30th november of the assessment year.
And as per sec-139(4) i.e., belated return, an assessee can file belated return on or before 1year from the end of relevant assessment year or before completion of assessment by AO
whichever is earlier.
So answer will be
a) fy 2011-12 Not possible
b) fy 2012-13 (AY 2013-14)= upto 31st march,2015 or completion of assessment whichever is earlier.
c) fy 2013-14 (Ay 2014-15)= upto 31st march,2016 or before completion of assessment by AO whichever is earlier.
Regards
Pradeep Kumar
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29 December 2014
Additionally AO may impose Rs 5000 as penalty for late filling.
Please check this for more information.
https://www.simpletaxindia.net/2014/07/penalty-on-late-filing-of-income-tax-return-ay-2014-15-fy-2013-14.html
Please check this for more information.
https://www.simpletaxindia.net/2014/07/penalty-on-late-filing-of-income-tax-return-ay-2014-15-fy-2013-14.html
Message likes :
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Amol S Joglekar
(Expert)
29 December 2014
you can file the income tax retuns from financial year 2012-13.
As it is you have delayed the process, so there is NO charm in taking into account the PENAL provisions. What is required is GOOD governance. So? File it
As it is you have delayed the process, so there is NO charm in taking into account the PENAL provisions. What is required is GOOD governance. So? File it
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