Time limit for filing belated return for AY 2016-17

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Krishna Murthy (Querist)
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08 March 2017 What is the time limit for filing belated return for AY 2016-17 u/s 139(4). This query is in relation to amendment to 139(4) by Finance Act 2016

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 March 2017 AY 2016-17 return can be filed up to 31st March 2018 and for AY 2017-18 the last date is 31st March 2018 in view of amendment.

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Krishna Murthy

Krishna Murthy (Querist)
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08 March 2017 But, WEF 01-04-2017 Sec 139(4) is amended as "may furnish the return for any previous year at any time before the end of the relevant assessment year" which means for AY 2016-17 ROI has to be filed latest by 31-03-2017 and so we cannot file ROI for AY 2016-17 after 31-03-2017. Is this correct view or any alternate view? Please suggest.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 March 2017 It is not the correct view, this provision is not applicable for AY 2016-17.

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