non filling of itr

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ANKIT SINGLA (Querist)
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15 October 2014 Dear sir

My name is Ankit. My query is :

I donot file the ITR for A.Y. 2012-13, 2013-14 & 2014-15. I have no tax liability. Can i file ITR for above A.Y. Upto 31.3.2015? Is there any penalty or interest levy?

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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15 October 2014 You can file ITR of AY 2013-14 and AY 2014-15 now, as there is no tax liability there will be not interest or penalty.

You can not file ITR of AY 2012-13, as the last date for the same was 31.03.2014.

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CA Mukkul Mehta

CA Mukkul Mehta (Expert)
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16 October 2014 ITR for AY 2013-14 & 2014-15 can be filed now without interest and penalty since the tax liability is NIL.

ITR for AY 2012-13 could be filed only upto 31.03.2014 and it can not be filed.

U/s 139(4) of the Income Tax Act 1961, belated return can be filed till one year from the end of relevant assessment year.