if a person failed to file return for the last two years...and now if he wants to file the return for both the years can he file it now?And he is falling into nil slab for both the years...
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failed to file return...
Replies (3)
Ya return can be filed lately but the time limit is only 1 year from the end of the corrsponding Assesment year.
it doesn mean how much the slab is
but in the case of loss return should be filed within time oderwise the los can not be carried forward
He can file ROI for FY 0708 till 31st March 2009
He can also file ROI for FY 06-07 but there is a penalty of Rs.5000/-
what if a person wants to escape from filing IT return?
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