Assessment order 2009-10

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Querist : Anonymous

Querist : Anonymous (Querist)

26 March 2012 i ASSESSMENT ORDER 2009-10 OF A COMPANY, ITS MEAN ALL THE PREVIOUS YEAR FROM 2009-10 IS CLEAR.
2 ASSESSMENT ORDER 2009-10 OF A COMPANY, ITS CAN BE RE OPEN
3 Can I file a Income Tax Return for the Financial Year 2003-04 to 2010-11 in Financial Year 2011-12.
if Yes What its Procedure.
4. I have a rented commercial property in Shopping Mall, which was purchased in 2007-08, if i sale this property, profit on sale of mentioned property calculate as capital gain in income tax.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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26 March 2012 1. Separate Assessment order is passed for every A.Y. If it is for the A.Y 2009-10 then it does not mean that assessment for all the earlier years is completed.

2. Assessment order passed for A.Y 2009-10 can be reopened u/s 147 for reassessment as it is well withhin the time limit of 6 years

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