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.
Regards
Satya (Professional) (92 Points)
20 September 2016If 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.
Regards
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 15 January 2017
For last two years only. Or if notice received of earlier years. Tax with interest.
CA. K George Philip
(Partner)
(226 Points)
Replied 15 January 2017
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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