Income tax return
This query is : Resolved
11 November 2017
Hello Guys and respected practising members,
I have filled income tax return for AY 2017-18 in the month of October but did not filled by income tax return for AY 2016-17. Can I now file the income tax return for AY 2016-17.
If yes then what is the consequence for the same.
11 November 2017
Off course yes. You will have to pay the interest for delay of filing the returns.
11 November 2017
thank you sir...Interest only when tax payment is coming right
11 November 2017
if the return is not filed as per section 139(1) of The Income Act then the tax payer can file the return within 1 year from the end of assessment year. But please note that, the return filed after the due date i.e. 31st July or 30th September is considered as Late Return of section 139(4). So You can file your late return for the AY 2016-17 till to 31/03/2018.
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