If someone has not filed taxes during previous years , can they do so now ?
The option does seem to be available in the e-filing website. If it turns out there was tax payable, What would be the likely penalty.
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Past due income tax.
Replies (2)
For last two years only. Or if notice received of earlier years. Tax with interest.
You can file ITR for last 2 AYs. No penalty if filed volunatrily u/s 139(4). But interest u/s 234A is payable and also interest u/s 234B & 234C if applicable. But from AY 2017-18 onwards, yiu can file ITR for last 1 AY only.
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