Regarding itr of fy-2015-16 in ay-2016-17
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2015
My wife have not filed any ITR till FY-2014-15.Actually,she buy/sell shares on a very small pattern from FY-2011-12.It is incurring from my earning transfer to wife's bank account.As such,there is no higher amount of profit, Rs.35000 from inception.
But,we want to filed up regularly ITR from FY-2015-16 in AY-2016-17 and on ward regularly.
Will there be arise any difficulties/penalty/complication/fine etc?
Please mention clear,can this case study be solve or not? If yes,how?
But,we want to filed up regularly ITR from FY-2015-16 in AY-2016-17 and on ward regularly.
Will there be arise any difficulties/penalty/complication/fine etc?
Please mention clear,can this case study be solve or not? If yes,how?
12 July 2015
No there will be no issue since the Income is well below threshold limit. But you can also start filing from AY 2015-16. Due date of filing of return has been extended from 31.07.2015 to 31.08.2015.
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