Belated Return

Tax queries 2072 views 9 replies

May i file the Income tax return for the AY 2008-09, if PAN number is alloted in NOV 2009. Pl help me

Replies (9)

ya but do it before 31st march otherwise penaly mite be imposed on u u/s  271f.

file it before 31.03.2010

Section 139(4) of the Income tax act, 1961 provides that belated return may be filed with a period of ONE YEAR from the end of the relevant assessment year.

Therefore, return for the AY 2008-09 can be filed by 31-03-2010.

It may be further noted that the return filed u/s 139(4) cannot be revised u/s 139/(5).

Further if there is any bussiness or capital loss then you may file the return by the aforesaid date but the loss would not be allowed to be carried forward as per u/s 139(3) read with u/s 80.

yes u can file but before 31.3.2010

Originally posted by :Hitesh
" Section 139(4) of the Income tax act, 1961 provides that belated return may be filed with a period of ONE YEAR from the end of the relevant assessment year.

Therefore, return for the AY 2008-09 can be filed by 31-03-2010.

"

Yes Sir, You could do dat as said by everyone. At the time of filing return one shud hav a PAN irrespective of the date of allotment of PAN. You have to file ur return for the income earned in P.Y. 2008-09 within the preceding A.Y. 2009-10 otherwise u wil b penalised.

Originally posted by : P-A-W-A-N
" yes u can file but before 31.3.2010 "


 

hi ,      u   can  file   ur return     before   31.03.2010.................otherwise  u will  be penalise  u/s271 f  .............     bt  u   can't  revise  it  u/s  139(5).   

i agree with all above reply.....


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