How do i will file last year return - need help

ITR 341 views 2 replies

Hi, sir we started a Pvt. ltd on Dec 2013 and filed a return on July 2014. Since then we have not filed up any return due to our company suffered miserable losses and we almost made decision to close the company but it seems we will return to the normal state shortly so we decided want to continue. Right now we are very worried about company’s tax return as we did not file it this year.is there any penalty that we have to pay and how we file the last year return?

Replies (2)

File ur return b4 31 march 2016. last year's return AY  2014-15  I filed in Jan 2015. 

ITR FOR A.Y. 2015-16 CAN BE FILED UPTO 31st MARCH 2016 WITHOUT ANY PENALTY.

HOWEVER IN CASE THERE IOS TAX DUE THAN INTEREST U/S 234A, 234B AND 234C SHALL BE LEVEID.

IN CASE THERE IS LOSS IN THE COMPANY, SAME WONT BE ALLOWED TO BE CARRIED FORWARD TO NEXT YEAR.


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