29 December 2014
I have a client who is not filed return from FY 2011-12 to till now, can he file return for FY 2011-12,2012-13,2013-14 & client is a company & please mention any provisions relating to it
As per section-139(1), Every assessee is required to file his/her/their return of income on or before 31st july ,30th september or 30th november of the assessment year.
And as per sec-139(4) i.e., belated return, an assessee can file belated return on or before 1year from the end of relevant assessment year or before completion of assessment by AO whichever is earlier.
So answer will be a) fy 2011-12 Not possible b) fy 2012-13 (AY 2013-14)= upto 31st march,2015 or completion of assessment whichever is earlier. c) fy 2013-14 (Ay 2014-15)= upto 31st march,2016 or before completion of assessment by AO whichever is earlier.
29 December 2014
you can file the income tax retuns from financial year 2012-13. As it is you have delayed the process, so there is NO charm in taking into account the PENAL provisions. What is required is GOOD governance. So? File it
CAclubindia
