Return of income

ITR 818 views 9 replies

What should be done in the following situation?

- Assessee(Individual) has income above exemption limit.

- He has not filed his return.

- One year from the end of assessment year has completed.

Replies (9)

Since the return is time-barred, you will not be able to file the same.

There is no option left but to wait for notice u/s. 142(1).

Yes... he cannot file his return now since the time expired.... 

He can file his return only when he receive notice from the Assessing Officer to file his return...

he cant file his return of income as time is barred

he is not allowed to file his return........ as one year has elapsed even after assessment year...........

he cant file return now

but if tax liability arise than pay that to avoid any interest or penalty

If u are a new assessee i.e u havent filed any return till date then try n avoid disclosing this income also....if possible to avoid any kind of penalty   etc.

 

or else pay the tax liability to avoid interest  which might even help in reducing the penalty.

Since the return is time barred you cannot file your return

As Return of Income is not filed within time limit u/s 139(4), now it cannot be filed. So the AO may oissue notice u/s 142(1), to file returns or may issue notice u/s 144, for the course of Best Judgement Asssesment.

asessee ye return to bhar nhi sakta

par agli to bharwa lo


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