Chartered Accountants Firm
864 Points
Joined October 2012
Dear Jai,
The provisions of filing belated return to address your query is explained herein under;
Provisions for Filing Belated Return:
If any assessee fails to furnish the return of income within the prescribed statutory due dates for the relevant assessment year, then in such case, the return for the relevant assessment years can be filed as under:
" Before the expiry of one year time period from the end of completion of assessment year or before the completion of ex-parte assessment u/s 144 by the Assessing Officer"
Thus, in pursuance of the above provisions, the belated Income Tax Returns for FY 2010-11, 2011-12 and FY 2012-13 could be filed latest by the following deadlines:
FY 2010-11 - 31/03/2013
FY 2011-12 - 31/03/2014
FY 2012-13 - 31/03/2015
Thus, the Income Tax Return for FY 2010-11 cannot be filed by you as the same has been time barred, however, the Income Tax Returns for the last two years can be still filled by you, considering the above mentioned due dates.
Income Tax Return in Form ITR-4 should be filed by the assesses who are earning income from business or profession.
You may
click here if you need any further support in this matter.
By Siddharth Galaiya, Tax Solutions Specialist, KCJM
CAclubindia
