I have one partnership firm formed with effect from 01.04.2011 and has been allotted PAN by IT department, but i have not filed any return of my firm till now as there was no income in it.
Now all the partners want to regulrise the same.
What is the suitable course of action to be followed.
04 April 2014
Since the time limit for filing return for AY 2012-13 has expired, all you can do is file the return for AY 13-14 and then for all the coming years to regularize the same.
04 April 2014
U can start ur return from the AY- 13-14 & appeal to ur Jurisdictional Officer in writing about y u have not filed the return of previous years. If he/she will b satisfied then he/she can grant u permission to submit the return from starting AY's.
CAclubindia
