How to file itr for ay 2016-17 & 2017-18 after 31.03.2018

This query is : Resolved

CA Ravi Soni (Querist)
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07 April 2018 Hello Everyone,

Our many clients are getting notices from Income Tax Department- CPC for non filing of ITR for AY 2016-17 & 2017-18.
Most of the clients have not filed their income tax returns due to income being below basic exemption limits.

However, TDS@10% u/s 194A is already deducted from their interest income which should have been refunded had they filed their ITR before 31.03.2018.

Hence, kindly answer my 3 queries mentioned below:
1. Whether ITR for AY 2016-17/ 2017-18 can be filed after 31.03.2018 (online? offline?)?
2. Whether refund shall be granted if ITR is filed after 31.03.2018 (i.e. time barred return)?

3. If a person suo moto wants to file ITR for AY 2016-17 & 2017-18 for loan purposes, how can it be done?

Awaiting positive responses from all of you!

CA Abhishek Goyal

CA Abhishek Goyal (Expert)
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07 April 2018 Hi,
For A.Y. 2016-17, it is difficult to file Return as it is time barred. But for A Y 2017-18, you can file return manually after paying such prescribed penalty. You have to convince your A.O. for such filing.

CA Ravi Soni

CA Ravi Soni (Querist)
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07 April 2018 How much is "such prescribed penalty"? Kindly provide me Section Number for the penalty.

Although it is difficult to file ITR for AY 2016-17, but can it be filed as per law?

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