20 March 2008
one of educational trust are not filing return from the f.y. 01-02. and they had taken Pancard in this year. They wanted to file I.T. Retrun. From which F.Y. they can file return? what is the procedure for filing the return ? pls guide in brief as from which year i can file return and which return form fill, specify the income tax return form s?
21 March 2008
if you file the return for the A.Yr. 2006-07 you can file but there is a penalty of Rs. 5000.00.
and for the A.Yr. 2007-08 up to 31st march you can file return with no penalty but only intt. u/s 234 A, B ,C as if there is tax as per income tax act.
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