Non Filed IT Return

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Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2011 i do not filed my Income tax return for last two Years(i.e A.Y.2007-08 & A.y.08-09) and now i want to apply for the Home Loan with the bank, as per their requirement they want my three years IT Returns,so can i file my IT Returns for the Above mentioned Asst.years now.Is their any Notice will be issued by the Department and is there any Penalty for Non Filed the IT Returns?

B R Ramesh

B R Ramesh (Expert)
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12 February 2011 Hi

No not possibel.

you can file the return only A y 2009-10 & 2010-11.

i.e F Y 2008-09 & 2009-10 only.

the penalty will be 5000/- per A Y.