ITR 1
This query is : Open
Divya Priya
(Querist)
21 December 2016
Can ITR 1 for previous years be filed now ? Is there any penalty for that ?
Amol S Joglekar
(Expert)
21 December 2016
yes, you can file now. Pay the interest if any. You dont have to pay penalty now
Ashiwini Ballodia
(Expert)
22 December 2016
You can File for FY 15-16 without any penalty but you have to pay interest
but for FY 14-15 if your return is taxable than penalty of Rs.5000/- and if it is not taxable than you may proceed with return
Ashiwini Ballodia
(Expert)
22 December 2016
For FY 14-15 you don't have to currently pay the penalty it will be payable when you will receive the notice
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