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Invalidation of Return

Pawankumar. U.J (Student CA IPC / IPCC) (36 Points)

09 March 2018

one of my client income tax return has been invalidated what's the consequences of it...

Can anyone suggest what steps to be taken for it.

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16 Replies

Sagar Mailapur (172 Points)
Replied 09 March 2018

ur original return is invalidated now u have to file as original return...

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 09 March 2018

If Your return is invalid then Go to File a New Original Return u/s 139(4) - Belated Return...

Pawankumar. U.J (Student CA IPC / IPCC) (36 Points)
Replied 09 March 2018

what if I don't want to file belated return, is there any penalty that can be imposed by Department?

raja sekar (1435 Points)
Replied 09 March 2018

No penalty will be levied if the return is for AY 2016_17 and AY 2017_18.

Pawankumar. U.J (Student CA IPC / IPCC) (36 Points)
Replied 09 March 2018

what about AY 2015-16 will the penalty be imposed

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raja sekar (1435 Points)
Replied 09 March 2018

You cannot file for AY2015_16

RAMAKRISHNAN R (INCOME TAX OFFICER) (1736 Points)
Replied 10 March 2018

yes penalty of 5000 can be levied under 271f

Pawankumar. U.J (Student CA IPC / IPCC) (36 Points)
Replied 10 March 2018

Section 271f is applicable w.e.f 1-4-2018. Is it applicable to return of AY 2015-16

raja sekar (1435 Points)
Replied 10 March 2018

You cannot file for AY2015_16 unless you get any notice from the department. If you want to file then you have to submit condonation request to AO. If the request is accepted you can file the return

Pawankumar. U.J (Student CA IPC / IPCC) (36 Points)
Replied 10 March 2018

Can I know the procedure of condonation request to be made for Assessing Officer

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raja sekar (1435 Points)
Replied 10 March 2018

Just write a formal letter to Principal Commissioner of IT stating the reason for delay in filing the returns and seek permission to file a belated return. There is no format for condonation request.