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09 March 2012
I have missed to file my returns for last three years continuously because of my frequent job change and i lastly filed my return for the FY 2007-2008.During the last three years, my income was not much more. I now plan to take a home loan to purchase a house for me for which last three years ITR is required. My question is whether i can file the last three years ITR now with penalty, if any, or i can file for last year? Please help me.
09 March 2012
You can file only for AY 11-12, that too before 31.3.12, if you want to avoid penalty.
You can also file for AY 10-11, but penalty of Rs. 5,000/- may be levied for late filing of return.
You can also file for AY 10-11, but penalty of Rs. 5,000/- may be levied for late filing of return.
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