SHASHIDHAR (DATA ANALYST/ STUDENT) (682 Points)
22 April 2011GOOD MORNING CACLUB.
I AM RUNNING MY OWN INTERNET CENTER FROM LAST 3 YEARS. PREVIOUSLY I HAVE NOT FILED ANY I.T RETURNS,
NOW TO APPLY THE LOAN, BANKSERS ARE ASKING I.T RETURNS OF 3 YEARS. CAN I FILE I.T FOR 3 YEARS AT A SINGLE TIME. IF NOT. HOW MANY YEARS THERE IS A POSSIBILITY TO FILE . AND WHAT WILL BE AN AUDITOR WILL BE CHARGED FOR THIS PROCESS. FEW EXPERTS ARE SAYING YES AND FEW ARE SAYING NO. I AM CONFUSED TOTALLY.
PLEASE HELP.
WAITING FOR A VALUABLE REPLY.
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 22 April 2011
You can file 2 years return..
Ay 2010-11 last day 31 march 2012
Ay 2011-12 last day 31 march 2013
So you can file 2 years returns of gap 4 months for one return, file first FY 2009-10 now after 4months gap file 2010-11..If you have tax liability then need to include interest to that while paying..
If any more doubt feel to ask..
Regards
Balu
CAclubindia
