Belated return of income tax

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2013 What is the procedure for filing belated return us 139(4) after the completion of one year from assessment year ? E.g Can the return of f.y 10-11 be filed now ? If yes then how?

CA Pallav Singhania

CA Pallav Singhania (Expert)

31 October 2013 No, you can't filed the belated return for the F.Y 10-11..
The last date for filing belated return for F.Y. 10-11 was 31.3.2013

However, you can approach to AO for the same.

Delayed return be filed after a lapse subject to the discretionary power of the Commissioner of Income Tax under section 119 (2) of the Income Tax Act of 1961. The Commissioner of Income Tax could grant permission condoning the delay of filing the return and allow the refunds arising out of such return, strictly based on the merit of each case.

It may also be noted that if an assessee would like to file his return, without involving any refund – such returns could be filed for the purpose of record and NO RETURN COULD BE FILED INVOLVING REFFUND, without obtaining the permission from the Commissioner of Income Tax for condonation of delay.

Ajay Mishra

Ajay Mishra (Expert)

31 October 2013 To know about filing of belated return, go to the following link:

https://wealth18.com/dont-panic-what-happens-if-you-miss-income-tax-return-itr-filing-deadline/