Return

This query is : Resolved

Girish (Querist)
Follow

18 February 2013 Hi,
I M having 1 client. & he wanted to take policy of LIC (which is benefit for his old age Rs. 12,00,000) but his LIC agent demand for IT Return file for last 3 years. AY:2011-12 File is available but remaining 2 is not
NOW my Question is that,1) If I file the return Online for AY:2010-11 & AY:2012-13 both are at a time?
2) Does the policy would approved or not?
3) Give me Suggestion,if policy not approved because of consecutive return?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
Follow

18 February 2013 Now you can't file return of income from A.Y 2010-11 because the due date to file such return u/s 139(5) is 31-3-2012 so its over so you can't file it now you have only chance to filing of A.Y.2012-13 return of income so ask the agent is it sufficient of last two years returns and For A.y 2010-11 hasn't taxable income so not filed return of income and also say i can provide certificate from CA for proof of income for that A.Y.

OM SAI SRI SAI JAI JAI SAI