Ashok Kumar Raju Datla (Audit Manager) (25 Points)
22 April 2013Hi,
I filed my income tax return for the AY 2011-12 (FY 2010-11) on 27/07/11. And failed to sent the Acknowledgement signed with in 120 days or extencded period till 28.02.13. Can you advice me for the further action to be taken.
Will my return be valid, or what should i do?
TUSHAR
(AE)
(49 Points)
Replied 22 April 2013
You will have to refile return. However as the time limit is already crossed ( 31.03.2013) you need to meet your assessing officer and ask for a persmission to file return. This return will be treated as a fresh return as earlier one is voide due to non receipt of ITR-V
CA RAHUL AGRAWAL
(Assistant Manager-Service Tax)
(1733 Points)
Replied 22 April 2013
iF U HAVE FILED RETURN THEN NO NEED TO FILE IT AGAIN AND SIMPLY SEND IT TO BANGLORE AGAIN .
PALASH
(Nothing)
(2000 Points)
Replied 22 April 2013
| Originally posted by : Ashok Kumar Raju Datla | ||
 |
Hi, I filed my income tax return for the AY 2011-12 (FY 2010-11) on 27/07/11. And failed to sent the Acknowledgement signed with in 120 days or extencded period till 28.02.13. Can you advice me for the further action to be taken. Will my return be valid, or what should i do? |
|
First of all , you have to know, that , as far as IT ACT is concerned, " A return can be filed within a period of one year , from the end of it's relevant assessment Year & after which it should be treated as an INVALID RETURN " &
As far as your query is concerned, If You failed to send A Signed ITR-V to CPC Bangalore, within 120 days , then in that case, once again , you have to file your return, sign the ITR-V & SEND TO CPC Bangalore once again.
But, Unfortunately, Now, at present, You can't file your return for A.Y 2011-2012 , BECAUSE, FOR A.Y 2011-2012, DEADLINE WAS 31/03/2013.
Sorryyyyyyyyyyyyyyy
& At Last, I WANT TO GIVE A FINAL WARNING TO RAHUL AGARWAL, THAT ,
" WITHOUT KNOWING ANY REAL FACT, WITHOUT KNOWING ANY IT PROVISIONS, WITHOUT KNOWING ANY INCOME TAX ACT/RULES---------> DON'TTTTTTTTTTTTTTTTTT YOU EVER TRY TO GIVE ANY SUCH KIND OF BASELESS/WORTHLESS/SENSELESS/VALUELESS TYPE OF ADVICE TO AN INNOCENT PERSON ".
DON'TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT.............................
Thanking You,
PALASH RAKSHIT.
CA RAHUL AGRAWAL
(Assistant Manager-Service Tax)
(1733 Points)
Replied 22 April 2013
@ PALASH
DEAR SIR,
IT WAS JUST MY OPINION..I AM ALSO HERE TO LEARN...
AS PER YOU IF ANY PERSON AFTER FILLING HIS RETURN FAILS TO SEND ITR-V WITHIN 120 DAYS THEN HE HAS TO FILE IT AGAIN??
THERE WAS NO INTENTION OF MISGUIDE..THIS IS NOT THE CORRECT WAY BY YOU FOR TELLING TO A LEARNER...
CA RAHUL AGRAWAL
(Assistant Manager-Service Tax)
(1733 Points)
Replied 22 April 2013
Cool Down it shows your mentality.
You are C.A. and really knowledgable then tell me section where the consequances for Non-Submission of Return has been provided or where it has been written that need for fresh return is there.
Sir,
If you have not just mug up the sections during you exams just know that all practicle issue are mentioned in the Act, You have to find it in Rules or otherwise you will have to be guided by certain Practicle ways.
I hope every mentally stable person can understand it.
Now your turn.
and as far as my correctness nothing is wrong with me..I just simply asked u section and the answer u have given was not correct 1..
I Just asked you if person unable to send then what;s the provisions??
and m nt here for checking my mentality status...i think by replying i havent commited a crime...why you are getting so much hyper??
No One is Perfect...!!
Hanish Chaudhary
(Chartered Accountant)
(333 Points)
Replied 22 April 2013
Sorry to interfere in betweeen.
@ Ashok Kumar
What Palash said is correct. In case one does not send ITR V within 120 days or the extended period, he needs to file his return again. But in your case, it cant be done as the last date for AY 11-12 till when the return can be filled was 31.03.2013.
@ Palash Raksh*t
Calm down Sir. He is a learner, so encourage him to learn. This should not be a way out. You are a professional, let your way and words become a source of learning for new professionals.
@ Rahul
Rahul you are going to become a professional in few another months. Just remember, don't reply to any query (may be at CAclubindia or even practically to your clients) even if you have 1% of doubt in your answer. If you really want to learn, remember listening is the best method. Listen to others, gain knowledge and a day will come, when you would be fully equiped to answer any query. Till then, reply with an opinion, not as a conclusion.
CA RAHUL AGRAWAL
(Assistant Manager-Service Tax)
(1733 Points)
Replied 23 April 2013
Ritika Pundir
(CA)
(154 Points)
Replied 26 April 2013
Members of the Intitute are requested to kindly keep their calm while answering queries posted on the forum. Rahul is still a student, he made a mistake. Its good that Mr. Palash has cleared the provision, but sir, you are requested to answer professionaly on this forum.
Mr. Ashok Kumar, your return is defective as you have not sent the acknowledgement for the same within time & the extended time of 31-03-2013. However, kindly contact CPC-Bangalore to verify the status of your return from there. You must have received notifications for non-receipt of ITR-V. Delay may also be pardoned by the CIT at the centre if you were prevented by reasonable cause.
Ritika Pundir
(CA)
(154 Points)
Replied 26 April 2013
Ashok Kumar Raju Datla
(Audit Manager)
(25 Points)
Replied 27 April 2013
Dear All,
Thank you for your valuable information, As you replied, i will get the information from CPC bangalore for the further action and do accordingly.
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