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It return query

ITR 257 views 4 replies

Divk

designer

46 Points Joined November 2009

Hi,
So, for the year ending 31st March (01.04.15 - 31.03.16):

I had deposited an Advance Tax by the end of March 2016 + the bank also deducted TDS on my Fixed Deposits.
In this case, I will claim some refund from the IT Department.

I want to know whether I file my Return in the next year before March or earlier. If so, when?

Please help me out. Thanks!

Replies (4)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210505 Points Joined July 2016

Dear sir, only 19 days left to file thi year's IT return, in regular course. You can even file belated return till next March, but advised to file u/s. 139(1), so that you can get refund earliest.

CA Harshal Totla

Chartered Accountant

2229 Points Joined May 2014

Belated return can be filed within 1 year from the end of relevant A.Y. But sir, it is adviced to file return of income within time allowed u/s 139(1) i.e 31st July. If you are a tax audit assessee the due date is 30th Sept. So, to get refund timely you are adviced to file return ASAP.

CA Rashmi Gandhi

Chartered Accountant

86505 Points Joined April 2011

Last date for filing regular return u/s 139(3) is 31st July for the year ending on 31 March 2016 if u r non audited assessee. U can file belated return u/s 139(4) upto 31st March 2017. But u r advised to file return timely before due date for quick refunds.