Incorrect filling of assessment year.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2018 Sir,
I incorrectly filled the Assessment year for FY 2015/16 as 2015/16. This resulted in filing of ITR for the wrong FY i.e. 2014/15. This has led to a double problem. 1. Now there is a tax demand for FY 2014/15 even though there was no income that year and no TDS deducted. 2. The filing of ITR for FY 2015/16 is still pending and the last date for that i.e. 31st March, 2018 has already passed. I recognize that I made a mistake and I am ready to pay the fine. So, please guide me as to what process should I follow.

21 December 2018 Nothing could be done for FY 14-15 at this time In refund case file condonation application with CIT for FY 15-16 and after approval file ITR online.

21 December 2018 Same applies for rectification cases. Given that you have made gross errors, do expect this to be settled only after you are able to convince the AO.

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2018 Sir, there is no refund in my case. Also, I have not received any notice in the compliance window for not filing the ITR for FY 2015/16. Should I just pay the taxes for FY 2014/15 - even though there was no actual income that year - to settle this?
Also, can this affect any future e-filing of taxes?

26 December 2018 Pay the tax to settle this. Any future refund will be adjusted against this demand with interest in case of non payment.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 December 2018 Thank you sirs for your advices.


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