CAN PERIOD OF 1st ITR OF COMPANY CAN BE 15 MONTHS????
IT'S URGENT
Rahul Being RG (CA FINAL) (283 Points)
28 March 2011CAN PERIOD OF 1st ITR OF COMPANY CAN BE 15 MONTHS????
IT'S URGENT
Joey Tribbiani
(fdg)
(2010 Points)
Replied 28 March 2011
ITR is filed according to previous year/assessment year as mandated by the income tax act. This year starts with 1st April and ends on 31st march of next year. The assessment is made on the basis of this year only,no other time period is acceptable. You will have file your return for 12 months and three months separately or as the case may be..
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 28 March 2011
nice question...
i think, yes you can..but for that company's AGM should be late by three month and approval should be taken by appropriate authority or CLB...
ask this question throough EXPERT query....
Ravi Dasija
(C.A. )
(273 Points)
Replied 28 March 2011
I dont think so you can, coz if this was possible then the concept of PY and AY would have no revelevance......
Other views solicited
Murtaza I Bhagat
(Tax & Finance Consultant)
(10523 Points)
Replied 28 March 2011
ITR should me filed with Financial period.as per incometax department. you have to file 2 different ITR of particular F.Y/A.Y.