non filling of itr

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ANKIT SINGLA (Querist)

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)

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.

Message likes : 1 times

CA Mukkul Mehta

CA Mukkul Mehta (Expert)

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.

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