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Itr not filled for fy 2017-18

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This query is : Resolved

Ridhi Chopra (Querist)

18 July 2019 Dear experts ,

One of my colleague has not filed return for FY2017-18 till now and last date of 31st March 19 has already passed. Though their was no tax payable in this case, and GTI exceeds 5 lacs. Pls suggest if we should file return for FY 2017-18 now or not. Is it possible to file now as per the act?

Thanks

Radhakrishnan K.V.

Radhakrishnan K.V. (Expert)

21 July 2019 You have missed the dead line to file Belated return u/s 139(4) which was due on 31-03-2019. Now, the only option is to wait till notice u/s 142(1) is issued asking you to file the ITR. Do not worry; you will get all eligible deductions, as held by various Courts in such situation. However, you may be liable for penalty for non-filing of ITR by due date u/s 139(1).
Good Luck.

Ridhi Chopra

Ridhi Chopra (Querist)

22 July 2019 Thanks for your reply sir.

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