Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Last Date for Filing AY0910 return?

Dr. Jones (Director) (253 Points)

15 June 2010

Which is the last date for filing AY0910 return?

Is it 31st March 2011?

Thanks!

Reply
Follow
Share

9 Replies

Abhinandan Jain (CA) (60 Points)
Replied 15 June 2010

Yes, its 31st Mar 2011

Attached File : 51 chapter xiv.doc downloaded: 318 times

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

CA VINAY BANSAL (In job with KPMG) (289 Points)
Replied 15 June 2010

But in case we deposit the return after 31.03.2010 upto 31.03.2011, we may have to be haunted by Penalty for late submission of ITS which is Rs 5,000 flat. this is payable only when we receive the penalty order.

Akhil Gupta (Manager F&A) (856 Points)
Replied 15 June 2010

Originally posted by : VINAY BANSAL
	But in case we deposit the return after 31.03.2010 upto 31.03.2011, we may have to be haunted by Penalty for late submission of ITS which is Rs 5,000 flat. this is payable only when we receive the penalty order.

Another consequency of belated return is that a few losses cannot be carried forward and also deduction u/s 10A, 10B, 80-IA, 80-IB, 80-IC, 80-ID and 80-IE will not be available.

Sunshine (Helping All) (10575 Points)
Replied 15 June 2010

yup..its 1 year from the end of relevant assessment year...in this case it will be 31-3-2011...........

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 15 June 2010

Yes
It is 31st March 2011

Upgrade to CAclubindia Pro. Subscribe Now!

C.Balaji (Learner) (1867 Points)
Replied 15 June 2010

Agree... Return for A.Y.2009-10 should be filed on or before 31.03.2011....

One year from the end of relevant A.Y...

harish (article assistant) (27 Points)
Replied 16 June 2010

Hmm its as per act we can file return with in 1 year from the end of relevent assessment year.

Though we can file the retun we can not carriforward certain losses such as business loss etc and also we can claim certain deductions.

But, what happens if some one doesnt file a return at all.

The ITO can issue a order to file the return or he can go for Best judgement assessment ..

Can some one explain the consequences of not filing return in detail.

Does this will have any effect if he filled return previous and discontinued it.

CA Abhiram Bharat. (Assistant Manager Taxation) (508 Points)
Replied 16 June 2010

upto the end of one year from the relevant assessment year.. i.e. upto th end of 2 financial years immediately succeeding the relevant financial year.

V Sumanth (CA Final student) (77 Points)
Replied 16 June 2010

As per Sec.139 (1) all assesses whose accounts are required to be audited, should file a ROI on or before 30^th Sep, 2009. They can also filed belated return with in one year from the end of relevant assessment year or before completion of the assessment as per Sec.139 (4), if failed to file u/s 139(1).

But if a ROI is filed u/s 139 (4), loses can not be carried forward except loss under the head Income from House property and Un-absorbed depreciation. But the assessee should face penalty if any imposed.