Uday G (Business) (254 Points)
22 March 2013The person is providing the professional service.
Total receipt for the period FY 2011-12 is more than 15 lakhs.
He is maintaining all the records.
His TDS and Advance tax payment is more than tax liability and he has to get the refund.
He has not filed the return till now.
Can he file the return now.?
if yes what are the implications.?
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 22 March 2013
Yes .. you can file IT return for AY 12-13 till 31.03.2014
Asif Khan
(Taxation executive)
(410 Points)
Replied 22 March 2013
| Originally posted by : PHANI KUMAR VANAMALA | ||
 |
Yes .. you can file IT return for AY 12-13 till 31.03.2014 |
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Agree but it will be considered as belated return, so file this return with due care as you will not be allowed to revise the return if you did some mistake in the return.
Uday G
(Business)
(254 Points)
Replied 22 March 2013
since tax audit is applicable for the assessee, is there any problem in filing belated return.?
Asif Khan
(Taxation executive)
(410 Points)
Replied 22 March 2013
No problem in this case but make sure you conduct tax audit and get it signed and put the date as 30.9.12 on the Audit report. Submit the same during filing of the returns.
CAclubindia
