Filing of return of individual assessee when the timelimits under section 139 have expired

I have a taxable capital gain for PY 2015-16 and I have failed to file the return.. based on suggestions, the amount has been parked till date in a special capital gains account. I want to withdraw the amount now and pay the capital gains along with interest applicable.. what are the options available to me in this regard? I do not have any other sources of income for any other Py. (fd amount 21 lakhs)
Replies (1)
Not possible now . Sec 119(2)(b) will apply in this case.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details