By mistake Tax Audit Report and Income Tax return related to F.Y.ended 31/03/2014 has not  been filed and loss is also there then how it is to be regularised.

IKDAGA

9810354055

In case of loss and the gross turnover is less than 1 crore then there is no need to get the accounts audited.But in any case no loss would be allowed to be carried forward.

Dear Indra,

a) Income Tax Return and Audit Report can be filed but with interest and penalty.

b) Loss cannot be carried forwarded now, since to carry forward the loss, return should be filed before due date only.

If you have any question, Pl post the same.

Kind Regards
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