Hi
Can individual having NIL tax liability with only salary income file incometax return of F.Y.2016-17 now, as A.Y.2017-18 has already pased and need of filling incometax return has been arised for F.Y.2016-17.
Different type of answers for above question has been received from consultants as follow and due to that lot of confusion has been arisen :
1. You can not file Incometax return for F.Y.2016-17 now as A.Y.2017-18 has already passed.
2. Yes,you can file ITR for F.Y.2016-17 with penalty.
3.If need has arisen to file ITR for F.Y.2016-17 and you are having genuine reason for not filling ITR within prescribed time limit, then you have to take permission from Incometax department to file it Now.
Which one of above answer is right for same question?
Please help.
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