2006-07-21 02:29:22 · 4 answers · asked by naresh a 1 in Business & Finance ➔ Taxes ➔ India
You can file your returns now with some penalty and interest.
2006-07-21 02:47:43 · answer #1 · answered by Anonymous · 5⤊ 0⤋
Yes Dear,
There is provision under the I T Act which is exactly for such problems faced by assessee. Under Section 119(2)(b) , if a person for some genuine reason could not file the return or claim refund, he/she can file a petition to the Commissioner of Income Tax under whose jurisdiction he was filing Return for CONDONINg the delay.
You file an application on plain paper and give evidence in support of reason why you could not file the Return . I am sure CIT will condone the delay.
In fact you can also claim refund if there is any.
q4tax
2006-07-23 03:51:55 · answer #2 · answered by q4tax 3 · 0⤊ 0⤋
You had better get into an office of the IRS before this goes much longer. You probably already owe more in penalties and interest than you owe for taxes... and it won't get any better.
2006-07-21 09:33:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
drop off the face of the earth for seven years. you will be considered legally dead.
2006-07-21 09:36:01 · answer #4 · answered by bar1barian 2 · 0⤊ 0⤋