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Late filing of itr
If the assessee have income 257000 for AY 16-17 Then tax become due 721 but due to 87A tax become nil. But the time of filing of ITR is gone. Now we have to file return on22/05/2017. What is the consequences. And also tell me if in the same case tax is become 721/50000/1000000, then what is consequences
Replies (2)
The time for filing Itr is not gone. You can file the Itr for AY 2016-17 till 31.03.18. Tax will be nil.
File a belated U/s 139(4) within 31.03.2018...
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