Income tax

Querist : Anonymous (Querist) 28 November 2011 This query is : Resolved
One of My client has filed return up to ay 2006-07 then no return filed by him till date.in AY 08-09 he sold one Flat at profit / Loss..... so now he want to file return for AY 10-11 & 11-12 so what to do for sale of flat in AY08-09 for which return is not filed.

Follow Query

Report Abuse

Vineet (Expert) 02 March 2012
You cant do anything for AY 08-09. If you want to regularise, file a return but the same will be non-est and may prompt AO to reopen the case for assessment u/s 148. The case may warrant imposition of penalty also.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Regarding relief in income tax for the ay 2013-14
Guidelines for income tax practise
Setoff of loss of other sources from business income
Under construction flat loan income tax benifit
Father's income diverted to son by hibba
Rectification of income tax demand
Calculation of income tax on gross or net income
Service tax / income tax (tds) query:
Illegal deduction of income tax
Secition 43 b of income tax