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.

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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.

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