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ITR Return for last 2 years

Others 1581 views 3 replies

Gurmet Siingh

Chartered Accountant

413 Points Posted on 07 October 2007

Pls. help me telling what should be done to file Return of an individual for last 2 years (PY- 2005-06 & 2006-07).

Can we file those returns & what r the penalties?

Is any CA reqd. for this job or even i can file that delayed return? online filing possible?

Replies (3)

Aisha

Finance Professional

9489 Points Posted on 07 October 2007

You can always file the belated return urself .. online return is possible for individual only for this year....

Guest

460655 Points Posted on 07 October 2007

So for Belated return will i have to approach a C.A or i can file it myself at ITO? any penalty?

CA.Saibaburao Nanduri

Chartered Accountant

3847 Points Posted on 08 October 2007

Dear Mr. Ramakhalsa, Under section 271 F, failure to furnish return of income, with in the time allowed, shall attract penalty of Rs.5,000/-.The Assessing Officer may levy the same on issue of a show cause notice to you. Hence file your returns through CA.