Last date of filing itr

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Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2015 What is the last date to file Income Tax Return for financial year 2013-14 if he fails to file before 31st July 2014????

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 March 2015 FY 2013-14 i.e., AY 2014-15

Due date of filing Income Tax Return (Individual Non tax Audit case) u/s 139(1) is 31.07.2014

Belated Return u/s 139(4) without attracting penalty u/s 271F can be filed upto 31.03.2015.

Belated Return u/s 139(4) attracting penalty u/s 271F can be filed upto 31.03.2016

Maximum penalty u/s 271F is Rs 5000/- which may be imposed by AO after giving assessee a reasonable opportunity of being heard.

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Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2015 Due date u/s 139(1)is 31.07.2014 or 31.07.2015????