Retrun f y 2011-12

[MITSUI PRIME ADVANCED]

Dear Sir,

We can file Income Tax return for financial year 2011-12 ( Ass year 12-13)

Pl. provide your valuable advice.

Thanks and Regards

Arjun Sachdeva

[DR.MARIAPPAN GOVINDARAJAN]

Dear Sir,

I think your query is not complete. You can file income tax return for the financial year 2011-12 now.

Dr. M. Govindarajan

[roopesh gangisetty]

Yes your Question is incomplete, however to my knowledge we cannot file the ITR for FY 2011-12,As the due period is only for 2 years. Hence the due date is 31/03/2014. So it is not possible to file ITR.

In such case you can process in 2 ways:

1.) Request Department for a notice, then you can do Manual return or

2.) Make the Assessee to pay the tax and await for Notice.

Preferability is not to request the department for Notice, make the payment and quiet.

Please let me know other comments

AI Summary

Time-bar for income tax return filing may preclude belated ITR; consider requesting a notice or paying and awaiting notice.
Whether a taxpayer may file an income tax return for FY 2011-12 after the filing window is the central issue; one advisor says filing remains possible while another contends a time bar (two year limitation) prevents ordinary belated filing. Where ordinary filing is unavailable, two procedural options are noted: request a departmental notice to enable a manual return, or make the outstanding tax payment voluntarily and await any notice; voluntary payment without requesting a notice is preferred by one adviser.