Taxation for Trusts

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Pravee Haridas (Querist)
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01 May 2009 1. A trust has not filed its return for last five years, now it wants to file return for all the five years. please tell me whether any penalty leveied for the delay if yes what is the amount.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 May 2009 Now the trust can file IT returns for AY 2008-09 and 2009-10 only.The other three years returns,referred in the question, is barred by time and hence can't be filed.

Pravee Haridas

Pravee Haridas (Querist)
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02 May 2009 Will there be any penalty for not filing those 3 years tax returns

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