Return filing of ay 2016-17 after processing of ay 2017-18
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2018
Dear sir First time I filed income tax return for A. Y. 2017-18 intimation u/s 143(1) also received.Can i file My income tax return for A.Y.. 2016-17 today. Is there any penalty for the same.
K Srinivas, CMA CS
(Expert)
31 March 2018
You can file the return for AY 2016-17 today is the last date. Penalty will be maximum of Rs.1000 if your total income is less than Rs.5.00 lacs and maximum of Rs.10000 in case you rincome is higher
K Srinivas, CMA CS
(Expert)
31 March 2018
Penalty is usually not levied if there is a reasonable cause for belated return filing
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