How to efling AY2007-08 and 2008-09? if there any provision in IT act. I am not able to file it now Give u r suggestions
4 Replies
CA KRISHNA KUMAR DARUKA
(CHARTERED ACCOUNTANT)
(4458 Points)
Replied 26 February 2011
Filing of return for Ay 07-08 & 08-09 are time barred and hence cannot be filed now. Returns for these years can only be filed if youy receive notice from IT department to file the same.
Pankaj Arora
(Learner)
(3134 Points)
Replied 26 February 2011
you can file return with Penalty of Rs.5000.00 u/s 271F.
Rachit
(Ca-Final Article.)
(565 Points)
Replied 28 February 2011
| Originally posted by : Pankaj Arora | ||
 |
you can file return with Penalty of Rs.5000.00 u/s 271F. |
 |
Agree with MR. Pankaj
CA KRISHNA KUMAR DARUKA
(CHARTERED ACCOUNTANT)
(4458 Points)
Replied 28 February 2011
According to Section 139(4) a return can be filed within the assessment year failing which it can be filed in next assessment year. After that it becomes time barred and can only be filed on receipt of notice under section 142(1). As regards penalty u/s 271F is concerned it is at the leviable at the discretion of the officer and not that any one can pay 5000 and file IT return for any year of his choice.
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