if a new assesse wants to file three years of returns at a time to build up capital for bank loan purposes ......etc,,,. is it valid
Menu
i t return
Replies (3)
HI DEAR,
PRACTICALLY, INCOME TAX DEPT ACCEPTING IT RETURN FOR MAXIMUM OF 2 YEARS INCLUDING CURRENT PREVIOUS YEAR. SECONDLY, BANK DOESN'T HAVE ANY PROBLEM IN ACCEPTING SUCH A THREE YEARS OF RETURN. BUT THE RETURN FILES FOR 2-3 YEARS ON ONE DAY WOULD BE ADDITIONALY SCRUTINISED FOR AUTHENTICITY OF INCOME FIGURES SPECIFIED IN THOSE RETURN. IT WOULD NOT CREATE ANY PROBLEM, IF U HAVE THE PROPER SUPPORTING FOR THE INCOME GENERATION SPACIALLY BANK ENTRIES IN PASS BOOK, IT WOULD NOT CREATE ANY PROBLEM.
REGARDS,
MANOJ
| Originally posted by : Manoj B. Gavali | ||
 |
HI DEAR, PRACTICALLY, INCOME TAX DEPT ACCEPTING IT RETURN FOR MAXIMUM OF 2 YEARS INCLUDING CURRENT PREVIOUS YEAR. SECONDLY, BANK DOESN'T HAVE ANY PROBLEM IN ACCEPTING SUCH A THREE YEARS OF RETURN. BUT THE RETURN FILES FOR 2-3 YEARS ON ONE DAY WOULD BE ADDITIONALY SCRUTINISED FOR AUTHENTICITY OF INCOME FIGURES SPECIFIED IN THOSE RETURN. IT WOULD NOT CREATE ANY PROBLEM, IF U HAVE THE PROPER SUPPORTING FOR THE INCOME GENERATION SPACIALLY BANK ENTRIES IN PASS BOOK, IT WOULD NOT CREATE ANY PROBLEM. REGARDS, MANOJ |
 |
Agreed with Mr. MANOJ
Would like to tell you, bank dont accepts returns filled on the same date, they wants returns filled in the gap of 6 months.
;)
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
