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Gnanadeep (Querist)

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

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

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

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

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

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Amol S Joglekar

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

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