ITR Filing for beginers

ITR 228 views 8 replies

Hi everyone,

Here with I have some question as a beginner for filing ITR, I haven't filed my ITR for last 2 years ( when I was having salary more than 2.5L but less than 5L ) and for current year I am having salary more than 5LPA, is it mandatory to file ITR for the last 2 years? if so can you tell me why as I was having CTC below 5LPA? and how to file the ITR for current year or all 3 years if applicable? I appreciate your inputs.

Replies (8)
File ITR for current year
If your Income exceeds 2.5 Lacs , then it is mandatory to file IT return . so for F.Y 2018-19 and F.Y 2019-20 ,you have to file that time only , if your salary Income exceeds 2.5 .
For last two years you can file only if you are having refund case, after approval from CIT . for F.Y 20-21 IT return filing is mandatory to you .

Thanks @ prasad Nilugal

 

Since I've not filed for 2018-2019, are there any other option to file that again? What should I do as I have missed to file for 2018-2019

Only in case of refund , you can file with approval from CIT for F.Y 2018 and 19 .

Thanks, I do not have any refund or I don't know what do you mean by refund, can you please elaborate?

Refund means after payment of tax , anything balance tax remains that you have paid excess tax , can claim refund , in such cases you can file returns of previous years after approval from CIT .

Appreciate your short response, and if I file ITR for 2020-21 I should have my Form 16 ready right? ( I'm working in an MNC where I used to get form 16) but for me I have moved in to a different company and haven't downloaded my form 16 for 2020-21 year, what can I do in order to get the form 16> do I need to manually make one? If so, how can i do that?

Originally posted by : Sushmitha
Appreciate your short response, and if I file ITR for 2020-21 I should have my Form 16 ready right? ( I'm working in an MNC where I used to get form 16) but for me I have moved in to a different company and haven't downloaded my form 16 for 2020-21 year, what can I do in order to get the form 16> do I need to manually make one? If so, how can i do that?

I don't have access to my previous company's Payment portal where I used to get the form 16, since I have been resigned I no longer have access to this.


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