02 November 2009
The Assessee has not filed income tax return for the A.Y. 2008-09 till date.But wants to file the return for A.Y. 2009-10.What can be done? Is it necessary to file the return for A.Y. 2008-09 along with A.Y. 2009-10. what is the last date for filing balated return?
02 November 2009
last date for AY 2008-09 is 31.3.2010, if there was no taxable income you may not file the return. last date for filing belated return is one year from the end of the relevant A.Y , however penal interestwill be attracted if there is any unpaid tax and Penaly of Rs. 5000 may be levied id filed after end of A.Y.
02 November 2009
There is no rule that return of earlier years should be filed first. You can file the return of A.Y. 2009-10 and later on you can file return of A.Y. 2008-09.