10 October 2008
As per the income tax law, every corporate filing compulsory e-Income Tax return not having digital signature is required to file the duly signed acknowledgement within 15 days from the date of e-filing of the return. What are the cosequences if this acknowledgement is not filed with the department within the stipulsted time of 15 days? Is there any impact on carry forward of losses in the case of return of loss? An early response on my ID varshney_office@yahoo.com with rfeferencwe to literature mentioned elsewhere will be highly appreciable.
10 October 2008
If the acknowledgement is not filed within 15 days with the department, then the return shall be deemed to be not filed, and the efiling of return will have no value. In case of Loss return, it shall not be allowed to be carry forward as the due date of filing of return would have been passed.