Assessment order 2009-10
This query is : Resolved
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.
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.
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
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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