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Back dated returns

10 April 2021

Hi,

Can I file back returns for previous years in my mother's name showing cash in hand. For last 4 years.

Regards,
Amrish.

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11 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 10 April 2021

Please elaborate

Amrish Jerajani (19 Points)
Replied 10 April 2021

I have not filed any returns in my mom's account from 2017. Can I file returns from 2017 showing income below the tax slab for these three years?

CMA Poornima Madhava (CMA) (13097 Points)
Replied 10 April 2021

First, an application for condonation of delay to be filed. For more info: 1) https://cleartax.in/s/how-to-file-income-tax-return-for-last-years 2) https://www.caclubindia.com/articles/filing-income-tax-return-after-due-date-44429.asp

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 10 April 2021

You have to file return under condonation of delay u/s 119(2)(b) from 2017 by showing sufficient reasons for not filing returns

Nidhi (Chief Accountant) (3150 Points)
Replied 11 April 2021

First of all, if your (means mother's) income is below taxable, than she is not required to file any income tax return.

If you want to show Cash income than you can calculate cash income for that three/four year and can deposit or shown as cash in hand in you books.
and now and onward file your return regularly.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 11 April 2021

As I have already said Best option is to You have to file return under condonation of delay u/s 119(2)(b) from 2017 by showing sufficient reasons for not filing returns

Ankit Neema (2742 Points)
Replied 11 April 2021

If there is genuine need then you should apply , if in all the years income is less then basic limit, then you just leave it.
And also if there is any income for which return filing required then you apply.