income tax return for A.Y-2008-09

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2010 Dear Sir, I have filed my IT returns for the A.Y.s 2009-10 & 2010-11, But I want a loan from bank & bank is asking for the 3 ITR's. May I now file my ITR for the A.y-2008-09. Pls specify.

CMA. Dinesh S Adhikari, ACMA

CMA. Dinesh S Adhikari, ACMA (Expert)
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20 October 2010 No, Now you cannot file ITR for A.Y.2008-09.

Becuase last date of filing ITR of any year is:
Within one year from the last date of Assessment Year.

Therefore, for A.Y. 2008-09 last date of filing ITR was 31-Mar-2010.

Regards!!!

taxindiaconnect

taxindiaconnect (Expert)
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20 October 2010 You can still file the return, however the AO may impose a penalty of Rs 5000 on you for late filing of Income Tax Return. The bank may not consider this return for loan purposes as this has been filed after filing the returns of later years.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2010 Dear Sir,
Thank you, so much for your kind replies.