Regarding house property

Hi..

One of my clients has 2 houses and he had not shown one house in the AY 2012-13. he had not filed the reurns also for that AY (2012-13)

He wants to show the house property now and then file the returns. Is it possible to show it now and file the returns?

plz suggest me...

Replies (5)
Return of Income for AY 2012-13 can be filed up to 31.03.2014. But AO may levy a penalty of Rs.5000 for the delay in filing of the return

Yes he can file return..

He can file his return of Income up to 31.3.2014..

However, He can't claim any loss arising there in..

AO may impose penalty of Rs. 5000...

You can file return up to 31.3.2014.   for A.Y. 2012-13 but not shown in loss & have any tax liability , paid with interest.

Thanks

 

Yes, you can file return of income for A.Y 2012-13 upto 31-3-2014.  As well if he has any self assessment tax payment liability then he required to pay interest u/s 234A,B and C if applicable.

 

                 But AO has a right to levy penalty of Rs.5,000/- for delay of return of income by more than one year from the end of the financial year.   But at the time of filing of return of income you need not to pay any penalty if it is insisted by AO then you required to pay, because of it depending on the willing of the AO and you couldn't show penalty paid amount and details in return of income.

 

OM SAI SRI SAI JAI JAI SAI

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details