Opening balance capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2011
Sir
I am not file incometax return before 3 Years .I want my capital opening balance current year return 95lacs .This is possible please give me answer.
I am not file incometax return before 3 Years .I want my capital opening balance current year return 95lacs .This is possible please give me answer.
09 December 2011
i beleive that u are filing return for last three years
am i right
pl tell me
CA MANOJ GUPTA
JODHPUR
09828510543
am i right
pl tell me
CA MANOJ GUPTA
JODHPUR
09828510543
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2011
I am not file i.t. return but this A.Y. I want my opening balace capital a/c 95lacs .What is the procidure.
10 December 2011
Dear friend, It is mandatory to file income tax returns as according to the provisions of Income Tax Act, 1961 to carry forward your details from earlier years. Since your capital accounts balance is large and you have not filed returns them department will impose fine on you for non compliance of provisions.You have to file returns for previous two years and then carry forward your capital account balance.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
