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
17 Jul 2012 
1 Reply 
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Belated return filing: returns for different years are independent but late file penalties apply when income exceeds exemption.
A taxpayer may file a return for a later year notwithstanding omission of an earlier year's return because each year's return is independent; however, a penalty for belated filing may be imposed if the return is filed after the assessment year and the taxpayer's income exceeds the exemption threshold. (AI Summary)
A taxpayer may file a return for a later year notwithstanding omission of an earlier year's return because each year's return is independent; however, a penalty for belated filing may be imposed if the return is filed after the assessment year and the taxpayer's income exceeds the exemption threshold. (AI Summary)