Sumit kapoor (owner) 20 October 2012

Not filled an it return

Hi All,

I have a small business and does not have a taxable income, but i have not filled my IT return since 2 years... will IT impose a penality on me for not filling IT return..

i got a mail from IT to provide them the returns

Please advice

Regards

Sumit

Reply Follow

4 Replies

Advocate Rohit (Advocate) 20 October 2012

Kindly contact Mr. Alok Dalmia at 9324315591 (Mumbai).

he is a cost accountant an shall guide you.

Regards,

Advocate Rohit Dalmia

9324538481

Mumbai

deepali (Company Secretary) 20 October 2012

U can file return of previous year and this years simultaneously without penalty...uwont be charged with any penalty since ur return is non taxable...

R RAJAGOPALAN (ADVOCATE) 22 October 2012

If the Assessing Officer has issued you a notice requiring you to file any return, it has to be filed, whether or not the income is below the taxable minimum.