Dear Friends,
I want to know that now can I submit I.T. return for F.Y. 2016-17 for proprietorship firm.....if not .....so what is further..action ...bcz... tds deducted ..
Kindly suggest.....
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Can I file return F.Y. 16-17
Replies (3)
Last Date for I.T. Return for F.Y. 2016-17 was 31st march 2018. So, return for f.y. 2016-17 cannot be filed now.
However the ROI can be filed if the delay is condoned by the jurisdictional Principal Commissioner of Income tax
The due date for filing the belated ITR said Financial year was 31st March 2018. hence the return cannot be filed u/s 139(4).
However, as you have been deducted with TDS, their the probability of Income Tax department sending you notice u/s 142, in such a case you can file a Income Tax Return u/s 142, furinishing the details of the income as you would do incase of fresh return for that year. It amounts to a valid return if accepted. In that case, the return requires the Notice number and notice issued date. That has to be furnished accurately.
The fine & penalty for delayed return will be charged as may be applicable to the case.
Hope its clear.
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