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Income tax filing/refund for previous years

Sumit (Project Manager) (26 Points)

29 September 2009

Hi,

I haven't filed my tax return for last 3 years.

My queries are:

a) Am i eligible for tax refund even though i am filing my tax late.

b) I didn't show my investment in my company for last year although i have investment in 80C. Can i mention the same in ITR1. Do i need to attach any proof while i submit my courier to bangalore.

c) Will the bangalore Income tax office accept tax return for 2005-06,2006-07, 2008-09.

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3 Replies

Sunil Liladhar Kotak (Manager (F & A)) (2025 Points)
Replied 30 September 2009

time limit for filing of income tax returns is one year from the end of the assessment year. which means that now at present u can file only 2 returns which are of A.Y. 2008-09 & 2009-10 only as the time lint for filing of income tax return for the A.Y. 2007-08 is already gone.

U can claim the deduction u/s 80C even though u have not shown this to your company.

U need not file any documents along with your return of income(irrespective of the mode of filing of return u may choose i.e. online or paper return)

Thanks,

Sunil

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Sumit (Project Manager) (26 Points)
Replied 30 September 2009

Originally posted by :Sunil Kotak
"	time limit for filing of income tax returns is one year from the end of the assessment year. which means that now at present u can file only 2 returns which are of A.Y. 2008-09 & 2009-10 only as the time lint for filing of income tax return for the A.Y. 2007-08 is already gone. U can claim the deduction u/s 80C even though u have not shown this to your company. U need not file any documents along with your return of income(irrespective of the mode of filing of return u may choose i.e. online or paper return) Thanks, Sunil	"

So what about the return for 2007-08 year. Will it not be illegal if i haven't filed it?. Do I need to talk to CA for getting the return filed? Is there any workaround?

Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 30 September 2009

at present u can file return only for the A.Y. 2008-09 &, 2009-10 coz time limit for 2007-08 has already gone. U can claim deduction u/s 80 c though not shown any document to the company.