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Itr-v

ITR 576 views 1 replies

Praveen

Architect

24 Points Joined November 2011

Dear Forum Members,

I have been efiling the Income Tax from the past 4 years, and you don't believe that I haven't sent ITR-V to the Income Tax department till today as they were lying in my email box unattended as I mapped them to one of my busiest email account. But I am paying my income tax properly every year and efiling them.

When I checked the email I realized that I need to send them within 30 days from efiling and I am too late.

Can anyone please let me know if I can send all the 4 years ITR-V's now? If I send, does it involve any penalties (I am fine with some penalty as I ignored this)... but is it some kind of a bigger mistake and involves any legal issues?

Please suggest.

Regards,

Praveen

Replies (1)

Yogesh Bhandari

CA FINAL Student

429 Points Joined July 2011

You can send the latest one or two years ITR-V after checking income tax site or consulting with a CA to save from penalty proceedings. But for the rest, u will be treated as u don't file the return, however, the return for 2nd year plays a big role because the scrutiny proceedings time comes to end for ur very first return. But, u are advised to consult with a CA having practice in income tax proceedings.