I need ITR 1 last 3 year ( 2019-20, 2018-19, 2017-18) . Now Can I file ITR last three year ? If yes , How much interest & penalty i will have to pay?
Please reply.
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INCOME TAX RETURN
Replies (8)
@ manoj
you can not file ITR for AY 2017-18, and 2018-19.
you can file only for AY 2019-20 you need to pay 1) fee u/s 234f 1,000/5,000 as a case may be.
2) interest as per section 234a,b and c.
you can not file ITR for AY 2017-18, and 2018-19.
you can file only for AY 2019-20 you need to pay 1) fee u/s 234f 1,000/5,000 as a case may be.
2) interest as per section 234a,b and c.
If you are having refund or claiming carry forward loss set-off for A.y 2017-18 and A.y 2018-19 then you can apply for Condonation of dealy in filing return with CIT , if approved you can file return only in case of refund to carry forward loss.
please confirm with others also .
Yes CBDT has delegated powers to condone the delays in filing applications for any releif .Any releif includes a wide range of benefits for assessees.
Do you have taxable income ?
For what purpose do you want to file old returns ? (other than AY 2019-2020)
Is this to apply for housing loan or like purpose ?
For condonation of delay application with genuine reasons , you have to obtain approval from Jurisdictional CIT.
For what purpose do you want to file old returns ? (other than AY 2019-2020)
Is this to apply for housing loan or like purpose ?
For condonation of delay application with genuine reasons , you have to obtain approval from Jurisdictional CIT.
You can file Return of Income only for Assessment Year 2019-20. Interest and Penalty would be determined based on Total Tax Liability
Absolutely no problem in filing return for AY 2019-2020.
But for earlier AY 2017-2018 and 2018-2019 , you have to follow the procedure as per my above reply. Choice is yours.
Yes, I am going to apply hosue loan, ITR last 3 year required by banker
House loan eligible amount will depend upon ITR income. Plus CIBIL score purpose too. Follow the procedure under 119(2)(b) for condonation. Best of luck.
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