IT return filing?

Question

well this is a tricky question i presume,

is there a way to file IT return starting from assessment year 2003-04. all taxes have been apid but retun not filed. e filing will be preffered. can anyone help!

Answer 1

killer, there is nothing tricky about the question. You have just been lazy.

Someone has said "nothing is impossible".

You will have to pay a fine for your laziness. Filing ITR after the due date attracts a penalty. Fill all the ITRs in hard copy.

Answer 2

Though, the taxes that were due, remitted, but the subsequent returns were not filed in time.  You are liable to be fined.  You can now file returns from the year 2003-04, to 2007-2008.  But, it might not be possible to file e-returns.  You can file the e-returns for the current period, but not for the other years.

I suggest you to consult and seek assistance from an expert like a chartered accountant.

Answer 3

YOu can file your return for 2003-04, 2004-05, 2005-06, 2006-07,  in physical form. Please note that you are laible to pay fine @ 5000/- per year for non compliace of relevant law. Apart from these you need to pay interest u/s 234

YOu can file e rturn for rest of two years . FOr the a/s year 07-08 you need to pay interest u/s 234