08 August 2009
An assessee having income from business has not filed returns for past 4 yrs. He did not have taxable income in all those 4 yrs. Now he wants to file return for AY 09-10.
Is he required to file return for all those years or only for current year. and is he liable for any fine
09 August 2009
return for AY2009-10 can be filed u/s 139 (1) and AY 2008-09 can be filed u/s 139 (4). as per section 139(1) if assessee is comapnay or firm then it is necessary to file return. plz clear that assessee is company or firm or individual etc.
CAclubindia
