I had a business for around 10 years..suddenly i faced lot of loss and stopped paying my income tax for last 6 years..but from the last two years i have started a new business and have taxable income..iv not paid tax for those two years too(fy2010-11 and fy2011-12)..im planning to pay it this year..will it be a problem
and my shop act is in the name of my wife..my wife and i run the business jointly..i can pay my returns wrt this business still right??