Belated returns (itr)
This query is : Resolved
12 March 2015
Dear Experts,
I am confused regarding ITR due dates & filing etc.
Please help:
Question: As on today i.e. 12/03/2015, An individual (Audit not required)can file ITR for how many past years including current year?
Please be specific in AY and FY.
Thanks
I am confused regarding ITR due dates & filing etc.
Please help:
Question: As on today i.e. 12/03/2015, An individual (Audit not required)can file ITR for how many past years including current year?
Please be specific in AY and FY.
Thanks
12 March 2015
Belated return is a return filed after the due date, in case of an individual without audit obligation it would be 31st July.
In case of non filing, you can file it anytime before 1 year at the end of relevant assessment year.
In case of revised return, before assessment is complete.
As on 12th March 2015, you can file for 2 years namely, assessment years 2013-14 and 2014-15
In case of non filing, you can file it anytime before 1 year at the end of relevant assessment year.
In case of revised return, before assessment is complete.
As on 12th March 2015, you can file for 2 years namely, assessment years 2013-14 and 2014-15
12 March 2015
Belated return u/s 139(4) can be filed for AY 2013-14 & 2014-15 upto 31.03.2015.
Return of AY 2013-14 will be subject to levy of Penalty u/s 271F.
271F. If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.
Return of AY 2013-14 will be subject to levy of Penalty u/s 271F.
271F. If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.
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