TaxTMI 
TaxTMI 
TaxTMI 
If someone had forgeted to fill ITR of F.Y 10-11 & Now he want to fill F.Y 11-12
Can he fill the ITR of F.Y 11-12 without Fill of ITR F.Y 10-11 & he is liable to pay Fined of Rs 5000.
Please suggest me
income tax
Hans Raj
You can file an ITR for 2011-12 independently of 2010-11, but late filing may incur a penalty. A user inquired whether they could file an Income Tax Return (ITR) for the fiscal year 2011-12 without having filed for 2010-11 and if they would incur a penalty of Rs 5000. The response clarified that each tax return is independent, allowing the user to file for 2011-12 without filing for 2010-11. However, a penalty may apply if the return is filed after the assessment year ends and the income exceeds the non-taxable amount. (AI Summary)