Belated itr return of ay 18-19

ITR 294 views 6 replies

I have created the profile for my wife in income tax site last month only. Upon viewing the 26 AS for the assessment year 2018-19 i found that bank has deductes tds from interest on fixed deposit. She doesn't come under the purview of income tax. She is not employed and the only income is interest from FD which was around 1.1 lakhs that year and bank deducted Rs 1155 from that. We forgot to submit the 15G that time and hence it happened like this. Return was not filed for the AY 18-19 .Now ,Is there any way to claim refund of the tax deducted. Well I tried myself by downloading the excel utility of ITR 1 for AY 18-19 but at the time of uploading, it asks for condonation order. How I could get that order.?? I tried through My account>>service request>>New request but it shows "No records found". Kindly help to submit the delayed ITR

Replies (6)

You have to get permission from your ITO for condonation of delay in filing return u/s. 119(2b). When approved, you can file return online with that permission no.

If you will file belated return then you have to pay late fee of Rs 1000 and your TDS is Amount is 1155 so the net benefit is only Rs 155 and for 155 you have to spent 2, 3 hours.
What is the procedure to get permission??
Really๐Ÿ™„.. But there is no default or anything. Profile created last month only and no ITR filed till now. Still there will be penalty of 1000??

https://cleartax.in/s/section-119-income-tax-act

It doesn't matter when you have created the profile.
If you will file late return you have to pay late fee of your taxable income is upto 500000 then amount of late fee is 1000 if income exceed 500000 then you have to pay 5000 towards late fee...


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