Income Tax Return of Block Assessment Period

This query is : Resolved

Devendra (Querist)
Follow

12 October 2010 What is RETURN OF INCOME FOR BLOCK ASSESSMENT PERIOD? Who files this return? Is there any due date for filing the same?

Thank You,

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
Follow

13 October 2010 As per Sec 158BB the undisclosed income of the block period shall be the agrregate of the total income of the previous years ( 6 assessment years) falling within the block period computed.

Assessee will submit the return in Form 2B.

Return to be submitted within the time limit given by authority in order.