Regarding house property

767 views 5 replies

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
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details