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Individual return filing for FY 2018-19 AY 2019-20

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125 Points Posted on 13 July 2020
Can I file Nil ITR for FY 2018-19 now. If yes, how much penalty I have to pay?

Please guide.
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On 13 July 2020 at 21:56 Report
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1102 Points Posted on 13 July 2020
Yes, you can file upto 31st July
for Nil, there is no penalty
1 Reply
On 13 July 2020 at 22:24
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"Do the Right Thing...!!!"
128147 Points Posted on 14 July 2020
@ Mr Sachin Parikh.,

Yes... You can file ITR for FY 18-19 up-to 31st July-20 as per extended due date.
No more penalty if Your Taxable income less than 2.5 laksh (also nil return).
463 Reply
On 14 July 2020 at 08:12
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125 Points Posted on 14 July 2020
Thanks all
I hope even I can file ITR 4 also nil for FY 2018-19
for proprietor who is going to business next month but wants to file ITR 4 nil for last two FY.
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On 14 July 2020 at 08:30
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1102 Points Posted on 14 July 2020
Yes, ITR 4 can also be file but ITR 4 only when file under sec 44ad , means declaring 8% on turnover with not mention balance sheet

File ITR 3 when you file with proper balance sheet....
1 Reply
On 14 July 2020 at 08:58
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125 Points Posted on 14 July 2020
Thanks a lot....
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On 14 July 2020 at 09:00
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1102 Points Posted on 14 July 2020
Welcome
1 Reply
On 14 July 2020 at 09:01
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295 Points Posted on 14 July 2020
Yes you can. if your income is below 2.5 lakh its ok. if its more tgan 2.5 lakhs then you will have to pay fee of rs 1000
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On 14 July 2020 at 10:58
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Marketing
25 Points Posted on 14 July 2020
If you have missed the due date to file your return, you can still file and if your income is under 2.5 lakhs (Nil return)
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On 14 July 2020 at 14:46
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125 Points Posted on 14 July 2020
Thanks all
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On 14 July 2020 at 16:16
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student
5205 Points Posted on 15 July 2020

if your gross income is upto 2.5 lacs than no penalty if above than you have to pay penalty of 1000 u/s 234 F

8 Reply
On 15 July 2020 at 11:46


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