Submission of IT

You have to bear penalty for non filing of return
For returns filed after 10th January 2020, the penalty limit will be increased to Rs 10,000. However, as a relief to small taxpayers, the IT department has stated that if your total income is not more than Rs 5 lakh, the maximum penalty levied for delay will only be Rs 1000.

And now you can only file return only under condonation of delay u/s 119(2)(b) by approval from CIT. Return for 18-19, 19-20 shall not be possible as last date was already over. For FY 20-21 you can file return now utilities are available

Agree with sourav

Okay. so now I file return only for the F.Y 20-21 right. Already I have form 16 for the 3 years from my company. it will help to me.

Are you going for any bank loan??
yes banker may satisfied with form 16 of last two years. but he will ask for ITRs for sure. here if you go with ITR you can show other incomes also like interest income etc... so that your income will be more and obviously your loan eligibility also will be higher. if you go with form 16 there salary income only they will consider. any way we can't file last 2 years returns we don't have any other option except go with form 16. why I am saying all this it will help in future who have not filed their ITRs they can plan.

Yes you're right Sai