20 February 2015
Can a person who has applied/alloted PAN in PY 201415 file belated return with respect to PY 201314? Is there any need of existence of PAN during the PY to which to income relates or we can later on apply for PAN and file belated return?
20 February 2015
1. Belated for earlier year can be filed though PAN is allotted recently. 2. No.One Can apply for PAN and file belated return, though he does not have during the PY to which income relates. 3. Taxes are calculated based on the income and the rates/slabs as applicable to the respective assessment year.
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