Itr filing

312 views 4 replies

Goutham Kumar

3 Points Posted on 20 February 2018

Hello Members,

I have got a message stating that;

TDS is deducted in your PAN ABK****** and you are yet to file ITR for AY 16-17 and AY 17-18. Please e-file ITR's at the earliest. Kindly ignore if already filed.

I work in well known IT MNC in hyd, I used to file tax through company portal.

So, Now I have below questions,

1) What will happen if I dont file ITR for the said years.?

2) Suppose if I want to file, what is the procedure?

3) Generally my company should take care of tax related things, I guess, should I go to my office payroll depatment for help? or I must do ITR by myself?

Frnds your inputs are appreciative, thank you all.

Regards,

Goutham.

Replies (4)

om sai srikar

Intern

47 Points Posted on 20 February 2018

Hai Gowtham,

1)If you have not filed ITR a Notice may be issued u/s142(1) if department feels it fit.Further if you not responded to notice and not filed Income Tax return you may be penalised & If you do not file ITR and there is assessble Income then it may be treated as concealment of income you may be reuired to pay penalty of 100% to 300%.

2) If you want to file ITR you can now file your ITR as Belated Return before 31st March 2018.

3) Confirm with your Payroll Team after that you are required to take a call to file ITR or else you may ended by paying penalty.

Goutham Kumar

3 Points Posted on 20 February 2018

Thank you srikar ji, appreciate your answer. i will file ITR then, dont want to tangle myself in penalty.

Krishan kant

student

600 Points Posted on 20 February 2018

first of all check by login on income tax department site and check if your co. has filed it or not

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 21 February 2018

Simply Advice.,
Go to File Your ITR for the above Said Years. Time very very short. No more any other ideas..

Go to file your ITR, Contact any nearest Consultant...