01 December 2012
As time limit of belated return has also been elapsed, therefore you cannot file return now. However there is another procedure which is quite complex and lengthy. # prepare paper return in duplicate for all the years. # post the returns in the name of AO and CIT. # when AO will receive the returns, it will form reasons to believe for him. # And then AO will issue you notice u/s 148 and will ask you to file the returns for those years. # Deposit the tax along with interest and file the return within the time specified in the notice. # Write an application to CIT to waive the penalty for concealment of income. # CIT is duty bound to waive the penalty as you have yourself disclosed your income and had cooperated in the proceeding. # In this way you can file the return s.
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