ITR of an individual was not filed for AY 14-15 & AY 15-16.
Can Both return be filed in AY 2016-17 & claim tds deducted on insurance commission amounting to Rs.3580/- & Rs.2950/- & Assessee has no other income.
Menu
Itr return refund on belated return
Replies (7)
Yes u can. For A.y 14_15 u can file before 31st march 16
For AY 2014-15 you can file the return till 31st March 2016 & for AY 2015-16 time till 31st March 2017. But, why do you have to wait till then, get your return filed at the earliest.
as per recent cbdt circular now department can issue refund of 6 years with app of condonation of delay for filing return nd claiming refund . if assessee prove there was genuine hardship.
so on the basis of circular of even if date expired for return you can claim refund by giving declaration to department
source:cirular 9/2015 dt 9.6.15
Better submit belated return for A.Y.14-15 before 30 march 2016 failing to which you need to face difficulty as condonation of delay petition has to be filed with CIT and only manual return possible(which will end you up in high professional costs and time consuming)
One of my client was not filed ITR return AY 2014-15 and AY 2015-16 can I file before 31-03-2016 and any finality and interest Will come there on income.
The A.Y 14-15 return can only be filed till 31st march16 and if taxable return then penalty of rs 5000 and interest on tax will be charge and
For A.Y. 15-16 if taxable income only interest no penalty till 31st march16
The A.Y 14-15 return can only be filed till 31st march16 and if taxable return then penalty of rs 5000 and interest on tax will be charge and
For A.Y. 15-16 if taxable income only interest no penalty till 31st march16
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
