2007-11-30 04:47:48 · 4 answers · asked by peter h 1 in Business & Finance ➔ Taxes ➔ India
No, if the sale was in 2006, it has to be reported on the 2006 return (filed in early 2007). If that wasn't done, you need to amend your 2006 return to show it.
2007-11-30 14:06:17 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
You did not report in 2006?
You better talk to an accountant.
2007-11-30 05:11:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
anything can be reported anytime at the convenience of the citizen. but it is the prerogetive of the taaxman to take the report on the face value as per guidelines.
2007-12-04 02:16:21 · answer #3 · answered by N. S 3 · 0⤊ 0⤋
it would be better to file a revised return for that year instead of including the income in the subsequent year.
by the way you have not clearly mentioned either the assessment year or the previous year to which your income relates
2007-12-04 00:24:31 · answer #4 · answered by HASAN B 1 · 0⤊ 0⤋