Partnership firm - balance sheet filing

Efiling 772 views 1 replies

Accounts

108 Points Joined September 2011

Dear Sir,

We have started an partnership firm in 2009 and till now no filing has been done. We have prepared the balance sheet from 2009-10 to 2012-13.

1. Is it possbible to file our returns for all the 4 years ?

2. What are the consequences of not filing balance sheet for the previous years ?

Replies (1)

Guest

You can file the old returns FYs 2009-10, 2010-11 now, if any tax is payable in the last years (in the interest of Revenue).

FY 2011-12 can be filed till March 2014 (with penalty, if imposed Rs 5000/-)

FY 2012-13 can be filed till March 2014 without any penalty.

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