Filing of itr for ay 2014-15

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 May 2015 I MISSED OUT FILING MY ITR FOR AY 2014-15 ON DUE DATE 31/07/2014.I WANT TO ASK IF I AM HAVING INCOME NOT EXCEEDING MAX TAXABLE LIMIT CAN I FILE THAT RETURN IN MAY 2015?
PLZ HELP ME..
(I HAVE INCOME FROM SALARY RS 170000 FOR FY 2013-14)

CA Kanj Goel

CA Kanj Goel (Expert)
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13 May 2015 Yes you can but you should not file itr as it's having penalty to the extent of rs. 5000 Fir filing of itr Fir the assessment year 14 15 after March 15.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 May 2015 Yes you can file the belated return u/s 139(4) upto 31.03.2016. Since your Income was below Exemption limit penalty of Rs 5000/- u/s 271F will not be levied on you.

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