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FILING ITR of FY 2018-2019 in current year

15 May 2021

Hi everybody,

If we have not filled Income tax return for the FY 2018-2019 .Is there any possibility to file the same now ? I have come across one answer that it can be filed only with permission of the jurisdictional AO . Please quote the relevant section and your opinion on the same

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 15 May 2021

No you cannot file return for AY 2019-20 now as date was already over. But filing can be done by getting approval from CIT

veerendar singh (tax consultant) (3301 Points)
Replied 15 May 2021

As per current trend in the way commissioners behave, i dont think it will be fruitful to apply before a commissioner. time limit for scrutiny notice has also expired.
there is remote chance that you will receive a 148 notice. otherwise you could go scot free without filing return and without paying tax.

Vinay Kamal (45 Points)
Replied 15 May 2021

You should file an application u/s 119(2)(b) of the I.T. Act to the jurisdictional PCIT/CIT quoting the reasons for not filing the return timely. If PCIT/CIT will satisfy with your reasons he/she will pass a order for the same and in response to this order you can file your return for A.Y. 2019-20.