Filing of return for a.y. 2017-18

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Can a person now file the return for the A.Y. 2017-18? If yes, what will be the penalty to be paid if income is below taxable limit?

Replies (2)

Hi !

You can file your belated IT Returns  anytime on or before 1 year from the end of the relevant Assessment Year(AY).

For example, for the AY 2017-18, a belated return can be filed on or before 31st March 2019.

However, with the amendment vide Finance Act 2016, from AY 2017-18 belated IT belated returns should be filed before the end of the relevant AY.

Through the above amendment, the time limit for filing of belated return has been reduced by 1 year.

So, for the AY 2017-18 , a belated return can only be filed on or before 31st march 2018.

Hence Due to Amendment you cannot File ITR for AY 2017-18 after 31st march 2018.

Hope this clears the situation.

Regards

KAAMIL AHAMADH (AR-RAHMAN EFILING)

Thanks a lot sir for the info.

 

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