27 October 2009
A Trust has filed its returns only till the year ended 31.03.2002 (AY 2002-2003). Now it wants to file for the subsequent years up to 31.03.2009 (AY 2009-2010). The Trust has not much transactions and the receipts for any year never exceeded Rs 50,000. Can the IT Returns be filed for 7 years now? What are the Forms to be used for various Assessment Years (like Form 3 or 3A or ITR 7 for the last two years)? Is any approval required from CIT / DCIT for filing 7 years together? What is the solution available?
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