Consultant
26 Points
Joined January 2013
hi Kavitha, Thank you for your interest and response.
However, this new rule of filing has only emerged in July 2012 and prior to that it was 5 years. I am a salaried employee and get my pay only post TDS, it sounds unfair to people belonging to this category who have no hidden source of income or black money and the system takes away the right to claim their rightfully earned pay just because the form 16 got misplaced and therefore there is delay in filing.
I am running this past thru several IT consultants since morning and all I get is a blank "NO". I suggest that the IT Dept. should allow late filings on case to case basis based on the autheticity of reason. Its not about the money but about the system and people's trust in the system. Just because TCS cannot make systems which can help file last 5 years returns, the intention of the system cannot be comprised based on a rule which has come out this year itself.
Anyways, what I am looking for is alternatives. There has to be a way to file this return. Thank you for your support.