• Can I file Income tax returns for the year 2017 - 2018 now

Can I file Income tax returns for the year [deleted] now ?
If yes What is the penalty for income about Rs 6 lacs for the year [deleted]
Asked 4 years ago in Income Tax

Hi,

No you cant file ITR related to FY 2017-18 now, but if you had any income tax refund then you can file with prior approval of CIT u/s 119 of Income Tax Act,1961.

Lalit Bansal
CA, Delhi
773 Answers
61 Consultations

5.0 on 5.0

Technically you can't you need to get permission from Commissioner of income tax u/s 119 and if he allows you can or you can file return if you receive some notice with regard to that year.

 

If you need any assistance feel free to contact me.

 

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you.

Naman Maloo
CA, Jaipur
4265 Answers
96 Consultations

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Dear Sir,

 

Now, you can't file return for AY 2018-19. The due date has been lapsed.

 

You can file the return only after receiving approval from commissioner. You need to file condonation of delay for the same,

 

Also, If you receive any notice from the income tax department then you can file the return.

 

 

 

 


We may help you in filing condonation of delay request.

Payal Chhajed
CA, Mumbai
5188 Answers
288 Consultations

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Hello,

 

Only if you have received a notice from the department to file your return for the concerned year.

 

Regards,

CA Hunny Badlani

Hunny Badlani
CA, Madhya Pradesh
2608 Answers
16 Consultations

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Hi

 

No. The due date for return filling for FY 17-18 have expired.

 

You can file return only in response to a notice received from the IT department. 

Lakshita Bhandari
CA, Mumbai
5687 Answers
908 Consultations

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Hello Sir,

 

You can file the return for AY 2018-19 only after receiving notice from income tax department.

 

 

 

 

Karishma Chhajer
CA, Jodhpur
2450 Answers
29 Consultations

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Hi

 

Deadline fy 2017-18 is already passed. It cannot be filled now. 

 

 

Hope it helps 

 

Swati Agrawal
CA, Mumbai
1146 Answers
7 Consultations

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Yes I can help you file the return.

tejasshah.ts3 @ gmail contact

Tejas Shah
CA, Surat
47 Answers
3 Consultations

5.0 on 5.0

For the year 2017-18, the last day to file a belated return was 31 March 2019.  You have already missed this due date.  Now you can file return only on receiving notice from Tax officer.

However, to minimize your exposure on interest and penalty, I suggest you compute your tax liability and pay the necessary taxes with interest.  This will at least lead a strong argument before the tax officer that you have did not have any intention to avoid paying tax. 

 

IF your taxable income is below 500,000 you may not have any tax liability.  This means your total income is 6 lacs but in case you have tax saving investments like PPF, LIC etc of around 1lac, then your taxable income can be below 5 lac.  Penalty is not automatically levied, it can be done by the tax officer, if he feels there is a reasonable cause and malafide intention to avoid paying the tax.  T Here could be compulsory fee for not filing return ranging from RS 1000 to RS 10,000.  

Jasmina Jain Shah
CA, Greater Mumbai
454 Answers
4 Consultations

5.0 on 5.0

No, you can not file the ITR for A.Y. 2017-18. You have to wait for the notice for filing the ITR.

Vivek Kumar Arora
CA, Delhi
4825 Answers
1030 Consultations

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