I have not filed my ITR for last two years. What should I do ??
Is there any penalty consequences ?
Menu
ITR not filed
Replies (16)
Atleast file preceding year return by 31/03/2020
Yes you can file return for the financial year 2018 - 2019 upto 31/03/2020
What's your age?
source of income.
does it exceed max. amount not chargeable to tax.
source of income.
does it exceed max. amount not chargeable to tax.
@ Sabyasachi Mukherejee
Age 33
Yes, Salay income exceeds the basic exemption limit.
Age 33
Yes, Salay income exceeds the basic exemption limit.
Dear Radhanath Ji,
As other experts have suggested, its better if you file return for AY 2019-20 before 31/03/2020 and for earlier year, since you are a salaried person, TDS would have been deducted by employer. So just keep your Form 16 and 26AS printout with you for future reference.
Regards
As other experts have suggested, its better if you file return for AY 2019-20 before 31/03/2020 and for earlier year, since you are a salaried person, TDS would have been deducted by employer. So just keep your Form 16 and 26AS printout with you for future reference.
Regards
File your tax return for FY 2018-19 (AY 2019-20). Since the tax return for FY 2017-18 (AY 2018-19) is not filed, the tax department may levy a penalty for non-filing of tax return of Rs. 10,000 (Section 234F of the Income-tax act, 1961)
You can straight way file FY 2018-2019 ITR upto 31-3-2020 with late fee under 234F
For FY 2017-2018, you may have to first go for approval under 119(2)(b) for Condonation of delay.
For FY 2017-2018, you may have to first go for approval under 119(2)(b) for Condonation of delay.
@ Mr Radhanath Parida.,
( Salay income exceeds the basic exemption limit )
If Your salary exceeding BEL then Better to File ITR AY 19-20...
For AY 18-19 : If You want to claim any refund then try to file Condonation delay request. After acceptance of request then You can file ITR for AY 18-19. Otherwise no way for filling ITR for AY 18-19...
( Salay income exceeds the basic exemption limit )
If Your salary exceeding BEL then Better to File ITR AY 19-20...
For AY 18-19 : If You want to claim any refund then try to file Condonation delay request. After acceptance of request then You can file ITR for AY 18-19. Otherwise no way for filling ITR for AY 18-19...
@ radhanath
file returns immediately...
file returns immediately...
You can file AY 2019-2020 ITR with late fee now itself .
Filing of ITR for AY 2018-2019 is an independent issue. You may file if Condonation approval given by Jurisdictional CIT or may not if Condonation rejected.
Filing of ITR for AY 2018-2019 is an independent issue. You may file if Condonation approval given by Jurisdictional CIT or may not if Condonation rejected.
While applying for condonation of delay, also submit computation along with form 16 or 26 AS
How do you apply for condonation - online or offline?
Condonation application is not present Online at present. It should be addressed to Jurisdictional CIT.
Which condition can apply Condonation delay request for filling ITR...?
Recent Threads
- About CMP -08
- RCM List on GST
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
Related Threads
CAclubindia
