Return filing for ay 11-12
This query is : Resolved
28 July 2014
An assessee skipped to file his return for AY 11-12 and there was a refund of Rs. 50000 for AY 11-12, now he wants to file his return in AY 14-15. Now the question is whether he can file his return now with penalty and interest if any and claim his refund.
Please suggest in this case, thanks!
Please suggest in this case, thanks!
28 July 2014
Return of AY 2011-12 can not be filed since the same is time barred. Last date of filing belated return was 31.03.2013. If it is a refund case and you want to claim the refund the only way is to invoke section 119(2)(b) i.e., application for condonation of delay. Once your application is accepted you can file return. See below link for details---
https://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2006ITAct/dtcdiv2_p1413.htm
https://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2006ITAct/dtcdiv2_p1413.htm
29 July 2014
Thanks for kind response!
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