Time for return filling

This query is : Resolved

rahul (Querist)
Follow

28 May 2013 sir please tell
till when a income tax return can be filled as late as possible.
I mean to say in F.A. 2013-14 how many years' return can be filled other than of FA 2012-13.
Also please tell under wich sec & which form is to be used for the same.

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

28 May 2013 suppose F.y. 2012-13 means A.y.13-14

we need to file return u/sec 139(1) with in 31st july2013, if tax audit is applicable with in 31st september 2013.

Under section 139(4) a belated return can be filed before the expiry of one year from the end of relevant assessment year or before the completion of assessment whichever is earlier.i.e,31st march 2015

Where return of income is filed after the due date, interest u/s 234A will be payable. But if there is already tax has been deducted from the income of the assessee or advance tax has been paid by the assessee and there remains no tax to be paid after such T.D.S or advance tax then no interest is levied u/s 234A for filing the return after the due date.

It should also be noted that where a belated return is filed u/s 139(4), no revised return u/s 139(5) can be filed.

Message likes : 1 times

rahul

rahul (Querist)
Follow

29 May 2013 IS it mean that in any year only 2 years return can be filed & not more than it at all.
i.e. in AY 2013-14 that is ongoing retun of previus year 2012-13 & 2011-12 can be filled and not of any back year in any case.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
Follow

29 May 2013 Yes, only two years returns can be file in any financial year.

And the form to be use will be depending on the available incomes of the assessee.

OM SAI SRI SAI JAI JAI SAI

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

29 May 2013 If you have any refund in back dated go as below, and for the rest it is not possible to file return unless it department directs us to file return,

for time barred returns,

Only applicable in case of refund returns,

dept may or may not accept this return,

there is a possibility to file return as per sec 119(2) read along with circular 8/ 2001 dated 16/05/2001

i am not aware of this procedure

see below

https://www.lawyersclubindia.com/experts/Procedure-to-file-time-barred-incometax-return-394341.asp#.UaWTpUAwd14

rahul

rahul (Querist)
Follow

29 May 2013 thankyou sir for your precius comments

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now