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Income tax return

Shashi (Proprietor) (24 Points)

15 May 2016

Can I file Income Tax Return of Below Taxable for The Ass.Year 2014-15 & 2015-16 in the current year 2016-17.

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9 Replies

CA MANISH SAXENA (Partner) (561 Points)
Replied 15 May 2016

HI Shashi!

You can file the NIL return for AY 2015-16 only.

Thanks!

Prashant Hegde (Professional) (262 Points)
Replied 15 May 2016

Hi, you can now file return for FY 2014-15 and FY 2015-16 i.e AY 2015-16 and AY 2016-17.

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Aditi Bhardwaj (Practising Chartered Accountant & Mentor for CA students) (659 Points)
Replied 15 May 2016

Hi Shashi,

Time for filing belated returns for FY 2014-15 is availble upto March 31, 2017.

In case you require any additional information you may reach out to me at aditi.bhardwaj @ outlook.com.

Regards,

CA Aditi Bhardwaj

sandeep (accountant) (41 Points)
Replied 16 May 2016

as per the proviso of section 139(5), belated return could be filed within one year from the end of AY of the relevant previous year i.e. 31st march 2017

sravan (article student) (86 Points)
Replied 16 May 2016

Obsolutly You can file the returns for the both A.Ys at a time...
But if your in a intention to go for Bank Loan then maintain a 4 to 5 months gap for filing ITRs