It return of a company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2013 A company has not filed its IT Return for 15 years,now the co. wants to regularise IT file. So what is the procedure to do so?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 May 2013 Exceptional Case. Simply contact your Income Tax Assessing Officer.

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2013 ok.but may i know what might be the procedure.

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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14 July 2013 Just fill up all the return in appropriate form of that time and physically file the return after payment of due taxes with interest. You might get notice u/s 148 for regularisation of the return and then notice u/s 142(1) & 143(2) for assessment. This will help you in regularisation of your returns and at the same time if there is any search and seizure this income will not be taxed again or it will be deducted from the gross income assessed