Only one itr can be filed u/s 139(1)

Sir please check your return status in my returns for the year by logiing in. And then file your return. This will help you.

Thanks for your reply Manoj. I am filing for the financial year 2012-2013. So should the assesment year be 2013-2014? I have selected the assesment year as 2012-2013, hence this is not being accepted i suppose. Could you confirm this. 

So if i have to file my tax returns for the financial year 2013-2014, then the assesment year would be 2014-2015 rite?

Hello Ravi,

if you are filing your return for the FY 2012-13 then Assessement year would be 2013-14. You are filing your return after due date so it would be cover under section 139(4). One more thing 31.03.2014 is the last date for filing belated return for the FY 2012-13. 

Feel free to ask for any further query.

Manoj, 

Thanks a lot for your immediate response. I was able to successfully file the returns directly on the income tax website now. Hope i don't have to download and sign the acknowledgement form and post it to them. 

Since i had zero returns for the last year and since i am filing a bit late will there be any penalty or fine i need to pay. 

I am getting this message when i file my returns online through incometaxindiaefiling website. I am filing for the year 2014-15 AND 15-16. Though i know it's late, my tax returns for those years was zero. I dont see the form being submitted anywhere else. While submitting both the ITR i am getting the same message. that only one original can be filled under 139. what can i do ?

Dear Manoj,

               Please tell me where to check the status my return. Under which tab it is on the site- https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.H T M L

Hi,

For every financial year, there is an assessment year. So for example, if you are filing return for the Financial Year 2012-13, then the Assessment Year shall be 2013-14.

The Income Tax return is filed with respect to the Assessment Year. So, if one is filing the for the FY 2012-13, then one shpuld select the AY as 2013-14 from the drop down while filing the ITR.

Also, a belated return u/s 139(4) can be filed before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. It means that if you are filing return for FY 2012-13, then belated return can be filed before 31st March 2014.

Also, u/s 234F, an individual would have to pay a penalty of upto Rs 10,000 for late filing income tax return after the due dates as follows:

• A penalty of Rs.5000 will be applicable for returns filed after the due date of 31st July but before 31st December of the relevant assessment year.

In case an income tax return is filed after 31st December, a penalty of Rs.10,000 will be applicable.

For assesses with a taxable income of upto Rs.500,000, a reduced penalty of Rs.1000 will be applicable.