one of my client income tax return has been invalidated what's the consequences of it...
Can anyone suggest what steps to be taken for it.
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Invalidation of Return
Replies (16)
ur original return is invalidated now u have to file as original return...
If Your return is invalid then Go to File a New Original Return u/s 139(4) - Belated Return...
what if I don't want to file belated return, is there any penalty that can be imposed by Department?
No penalty will be levied if the return is for AY 2016_17 and AY 2017_18.
what about AY 2015-16 will the penalty be imposed
You cannot file for AY2015_16
yes penalty of 5000 can be levied under 271f
Section 271f is applicable w.e.f 1-4-2018. Is it applicable to return of AY 2015-16
You cannot file for AY2015_16 unless you get any notice from the department. If you want to file then you have to submit condonation request to AO. If the request is accepted you can file the return
Can I know the procedure of condonation request to be made for Assessing Officer
Just write a formal letter to Principal Commissioner of IT stating the reason for delay in filing the returns and seek permission to file a belated return. There is no format for condonation request.
We Can send a mail to CIT regarding the issue... Is it sufficient or we need to post a letter
You can mail it
attn: from a.y. 2018-19, it is 234F, which will automatically levy late filing fee of 1000 or 5000 or 10000 subject to conditions
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