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Income tax return

03 September 2016

Dear Sir, We need income tax return for last 3 years for loan purpose. how can we file income tax return for last 3 years i.e FY 2015-16, 2014-15, 2013-14, Is it possible to file income tax return.???

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6 Replies

Venkatesh Dangeti (CA Final) (881 Points)
Replied 03 September 2016

you can file itr for last two years online.

Venkatesh Dangeti (CA Final) (881 Points)
Replied 03 September 2016

you can manually file ITR for FY 2013-14

Kalki Vital Narayanam (CA Final Student) (121 Points)
Replied 03 September 2016

Income Tax returns for the last two Financial years can be filed, You Cant file the return of FY 2013-14. You can file the return for FY 2013-14 incase you received any Notice from the IT Department, Return in this can be filed U/s 142(1).

Gopi Nath Mondal (Student CA Final ) (32 Points)
Replied 04 September 2016

I also want to know that, i have received a letter of non-filling of income tax return on 31/08/2016 for the F.Y 2013-14. so pls tell me whether it is possible to do so now because i have refund claim of TDS deducted amounting Rs.28000 in the same F.Y.2013-14.

Kalki Vital Narayanam (CA Final Student) (121 Points)
Replied 04 September 2016

yes, now you can file the return u/s 142(1) in reply to that notice.

ANKUR TAH (Teacher Consultant and CA finalist.) (543 Points)
Replied 04 September 2016

As per section 139(4) "belated return", if a person has not furnished the return of income with in the time allowed u/s 139(1) or with in the time allowed under a notice issued u/s 142(1), then he may furnish the return of income at any time before the expiry of one year from the end of the relevent assessment year or before the completion of assessment, whicever is earlier.

Here, assessment without furnishing return means the assessment u/s 144 ie best judgement aasessment.

Now in your case,

For FY 13-14, AY is 14-15 and 1 yr from completion of assessment is 15-16. So you are not eligible to file belated return online, but u can file offline.

Another question arise have u filed return on due date mentioned by income tax dept in his notice u/s 142(1)? If not u must file an offline return to income tax dept before completion assessment u/s 144 otherwise u have to be trouble.

And 2ndly u can easily file online return for FY 14-15 and 15-16.