non filing return

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2010 one of my client had been filing retrun under salary upto a.y.2001-02, then he left the job and went to his native place. Now he has come back to mumbai again and started his small business and want to file his retrun from a.y.09-10. Now my question is while filing the retrun for last year will income tax dpartment will ask any clarification for non filing return for above skiped period.

Will they levy any penalty on escaped period.

Pl. guide me.

Thanks

Girish

CMA.Palani Arumugam

CMA.Palani Arumugam (Expert)
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06 April 2010 Yes. the Income tax department may seek clarification for non-filing of return for various years. However, if the income for the any year is below the exempted limit, then he need not have to file the return.

In your case, if the income for skipped period is below the exemption limit, there will not be any penalty for non-filing of return.

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2010 To,

Mr.Palani Arumugam

His income is below the exemption limit, for non-filing years. wheter he has to file the letter stating the reason along with returns for a.y.2009-10.

Regards

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