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Regarding non filing of itr for the financial year 2013-14

Ankit (Article Assisitant) (45 Points)

30 May 2016

I have not filed my ITR for the Financial Year 2013-14 . The time for belated return are also lapsed so i asked you is there any provision in the income tax to file return even if the time lapsed . I want to file return because i want to claim refund of Rs 50,000.00. One thing i want you to that i have not received any assesstment order till now. Please suggest

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6 Replies

subhash kumar jha (PROFESSION) (445 Points)
Replied 30 May 2016

Now u need to contact to your jurisdiction and he will issue 142 then u can file.

ITO ko Tea Launch ke liye kuchh dena parega.

2 Like

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 30 May 2016

to file the returns beyond two years limit, the assesee has to seek permission from commissioner of income tax, with specific reason for non filing, commissioner may grant permission to file belated returns, if he is satisfied with the grounds, however late filing penalty may be imposed by the AO, apart from the interest payable

the Indian government levies a penalty at a rate of 100 percent to 300 percent of the tax sought for concealment of income if a return is not filed. The penalties are imposed at the discretion of the tax authorities.

1 Like

CA Sunny Ganwani (Chartered Accountant) (41 Points)
Replied 30 May 2016

If your taxable income for the F.Y. 2013-14 is less than basic exemption limit and whole amount TDS is refundable, then you can claim such TDS in current F.Y. return.

There is an option for claiming earlier years TDS in ITR Forms.

Hope this information is helpful to you.

1 Like

Ankit (Article Assisitant) (45 Points)
Replied 30 May 2016

My taxable income is not less than the basic exemption limit . My GTI ( Gross Total Income ) is Rs 5,00,000 and tax deducted at source is Rs 45,000.

Ankit (Article Assisitant) (45 Points)
Replied 30 May 2016

section 271(F ) applies for non filing of return within the stipulated time and a penalty impose upto the extent of Rs 5000. Suppose I take permission for filing return under section 119(2) and claiming refund of Rs 30000. Can they impose a penalty on me to the extent of Rs 5,000