Previous year returns

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rao girwar singh (Querist)
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28 March 2012 one of my client running a business from last 4-5 years but he is not filing income tax returns as his income was below taxable limit and he has no pan til jan, 2010.

My question is that can he fill previous 2-3 years returns now?

Is the pan card valid for previous year returs as the date mentioned on pan card is jan, 2010.

Please reply soon.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 March 2012 He can file returns for AY 10-11 and AY 11-12 only and that too should be filedm. Earlier returns have become time barred and cannot be filed.

Further, penalty of Rs. 5,000 may be levied for delayed filing of return for AY 10-11.