Comment on Taxation Simplified

Nithin Kamath commented on 22 Feb 2014, 01:58 PM

Kumar, you can even now file delayed returns for year 2012 and 2013 if your turnover was less than 1crore(audit not required case). As I have mentioned above make sure you are calculating turnover the correct way, trading volume is not turnover. If your turnover is more than 1 crore for these 2 years(audit required case), the only way you will be able to file now would be if in case you receive a notice from the IT department.

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