Sreekanth (Medical officer) (24 Points)
04 January 2015Dear Sir,
I am a central govt employee for the past 4 yrs. I had failed to file my income tax returns for past 3 yrs .There is TDS by my employers regularly, but owing to ignorance in the subject and laziness Ihad not filed a return yet. Is there any means can file the returns of the past years
Z
( )
(2960 Points)
Replied 05 January 2015
You can file belated return u/s 139(4) for the A.Y 14-15
For prior period you will have to file the return manually only
Ahuja Shekhar
(Accountant)
(95 Points)
Replied 05 January 2015
Dear Sreekanth ji,
You can file return electronically for AY. 2014-15 & AY 2013-14, up to 31.03.2015
But, if your Income for the AY 2013-14 exceeds Rs. 2,00,000/- before any deduction under 80C/80G, then you have to pay penalty of Rs. 5,000/- also u/s 271
anil jain
(Partner)
(1067 Points)
Replied 06 January 2015
see nototification for exemption to file return if income does not exceed 5 lacs Rs.
check, do you qualify for the same. It is applicable since 4-5 years.
You can take support of it.
Madav
(Senior Consultant)
(171 Points)
Replied 06 January 2015
Rs 5000 penalty is only applicable if it is imposed by assessing officer... so don't pay upfront, wait for notice from Assessing officer
Mihir
(Wealth Manager)
(5293 Points)
Replied 06 January 2015
Contact a CA and give your details for filing return of previous years. He will help you out.
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