Can income tax return be filed more than one year? For example, a person Y, who failed to file his income tax return for PY 04-05, 05-06 and 06-07, feels like he was cheating government all along and now want to disclose his income for all these years and hence wants to file his income tax return in AY 2008-09 along with income of PY 07-08..
Can he do so? If he does, wat are the consequences he has to face for not filing previous years' returns?
yes, Belated return can be filed u/s 139(4).. but only for P/y's 06-07 and 07-08 and current year return for 08-09.
as sec 139(4) says " where a ROI is not filed but required to be filed u/s 139(1), an assessee can file a belated return u/s 139(4) within 2 years from the end of the relevant A/Y"
For the late ROI's penalty of Rs. 5000 will be levied as the ROI are filed after the end of the Relvant A/Y
Belated return can be filed FY 06-07 & 07-08
For the FY 08-09 ROI can be filed after march'09
Dear Sir
I want to know what kind of road permit require in diffrent state, and in which state are not require road permit also . would you provide me detail.
I will be thankfull to you
regards
Sandeep
CAclubindia
