how many previous years’ income tax returns can be filed after due date_ let’s remove confusion

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HowmanypreviousyearsIncomeTaxreturnscanbefiledafterduedate?Letsremoveconfusion

ArticleID66076|PostedInIncomeTax|Articles,Featured|76Comments

CAUmeshSharma

Arjuna (FictionalCharacter): Krishna, just a few daysare left for the end of financial year 201415. SomelethargictaxpayersareinhurryforfilingtheirIncometaxreturn for Financial Year 201213 and 201314, but thedue date of filing the return is July or September. HowmanypreviousyearsIncomeTaxreturnscanbefiled?

Krishna(FictionalCharacter):Arjuna,fortheFinancialYear201314theduedateforfilingforasalariedpersonorothertaxpayersis31stJuly2014andforanycompanyand other tax payers is 30th September 2014 and for

transferpricingapplicableassesseitis30thNovember.However,therearecertainprovisionsunderIncomeTaxAct, applicable for tax payers for filing their return after the due date.But please note that they comewithrestrictions.

Arjuna:Krishna,ifthetaxpayerhasnotfiledthereturnbeforetheduedatethenhowshouldthetaxpayerfilethereturnlater?

Krishna:Arjuna,ifthereturnisnotfiledaspersection139(1)ofTheIncomeActthenthetaxpayercanfilethereturnwithin1yearfromtheendofassessmentyear.Fore.g.returnforFinancialYear201213canbefiledtill31stMarch2015andfortheFinancialYear201314returncanbefiledupto31stMarch2016.Butpleasenote that, the return filed after theduedate i.e. 31st Julyor 30th September is considered asLateReturnofsection139(4).

Arjuna:Krishna,ifthetaxpayerwantstofilethereturnofprecedingtopreviousyearsthenwhat?

Krishna: Arjuna, as per income tax act return of the preceding years e.g. for F.Y. 201112 filed now, isgenerallycalledtimebared.Furthermany taxpayersmanually submit thepreceding2or3previousyearsreturn to complete their remaining responsibilities.However,whether to consider these returns or not is thediscretionofthedepartment.Incometaxdepartmentmaydecidewhetherapenaltyistobeimposedornotforsuchtypeofreturn.Sotaxpayershouldavoidfilingalatereturn.

Arjuna:Krishna,whatwouldhappenifthetaxpayerhasnotfiledthereturn?

Krishna:Arjuna,itistheresponsibilityofthetaxpayertofilethereturn.Ifthetaxpayerreceivesthenoticeofenquiryundersection142(1)ornoticeofEscapingincomeundersection148thentaxpayermayfilethereturnbeforethedateasmentionedinnoticeorbeforecompletionofAssessment.Thismeansthedepartmentgivesonemorechancebutpenaltycanbeleviedbythedepartmentinsuchconditions.

Arjuna:Krishna,what can be the consequences if the tax payer has filed the return after due date i.e Latereturn?

Krishna:Arjuna, formaintaining discipline and for planning, the department decides a certain due date forfilingthereturn.Ifthisisnotfollowedthenthetaxpayerhastobeartheconsequences.Thefollowingcanbetheconsequencesforfilinglatereturn:

1. Iflatereturnisfiledthenitcannotberevised2. Iflossisshowninthereturnthenitcannotbecarriedforward3. PenaltyofRs.5,000canbeimposedifthetaxpayerdoesnotfilethereturnof201314before31stMarch

20154. Ifataxliabilityarosetothetaxpayerthenaninterestwillbeimposed5. Ifthereisrefundtothetaxpayerthenaftertheduedatehewillnotgettheamountofinterest.

Arjuna:Krishna,iftaxpayerhasnotfiledreturnwithinduedatesthenshouldhefilethereturnorwhatistheremedy?

Krishna:Arjuna,eventhoughitislatethetaxpayershouldfilethereturn.Alltaxpayerswhohavenotfiledthereturnfor201213and201314thentheyshouldfilethereturnbefore31stMarch2015.Fore.g.Iftaxpayeris having tax liability for preceding to 201213 year then the tax payer should pay tax and submit theComputation of Income, copy of challan along with the application to the department. Its a voluntarycomplianceformthetaxpayerhence,lesserinterestandpenaltymaybeleviedotherwisetaxpayerwillhavetoface the consequences. If there is refund of previous years then taxpayer may make application to thecommissionerforclaimingrefund.

Arjuna:Krishna,whatshouldthetaxpayerlearnfromthis?

Krishna:Arjuna,Taxpayershouldfilethereturnbeforeduedatebecauseduetocomputerizationitiseasytofindthedefaulter.Furtherifthereareentriesinform26ASofTDSandifthereturnisnotfiledthenitcanbeproblematic for the taxpayer.Further if return is not filedwithin theduedate thenbanksmaynot considerreturnforLoanpurpose,etc.Pleasenotethat,whiledrivingavehicleontherouteoflaws,returnshouldbefiledbeforeduedate,asthereisnoUturnandinfutureTollneedstobepaidi.e.penaltywouldbeimposed.

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76responsestoHowmanypreviousyearsIncomeTaxreturnscanbefiledafterduedate?Letsremoveconfusion

1. ARJUNsays:09/03/2015at11:25AM

ITR42014WHICHHASFILLEDAFTERDUECANSUCHRETURNCANBEREVISEDNOW.ITR42014FILLED02/09/2015CANBEREVISEDNOW

2. devendrakumarmisrasays:08/31/2015at7:51PM

dearsiriwanttosubmitthe2013and2014yearsitr.kindlysuggestmeinwhichsectionicandothesame.

3. Kamalsays:08/30/2015at5:35PM

IhavefiledtaxreturnviataxspannerforFY1314.TaxSpannerhadfiledthewrongreturn,CanIrfilereturnforFY1314orcanIsueTaxspannerforfilingincorrectreturn.

4. shivajigaikwadsays:08/30/2015at5:00PM

Hellosir.

IdidnotfileitrfortheFY1112,1213.1314canIfilethismanuallypaperreturnsnow.only3to4thousandsTDSdeductedinabovementionedyear.

5. Awanishsays:08/28/2015at4:57PM

DearSir

Iwanttosubmittaxagainstassessmentyear201213and201314.Isthereanymeansforsubmititand

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6. Soumitrasays:08/25/2015at11:45AM

IhavesubmittedtheITRforAY201314,ThisyearIrealizedthatIhadtopayforSTCGonthatreturn,ShouldIincludeitinthisAY201415orrevisedreturntobesubmittedforAY201314.

7. DEEPAKPUJARIsays:08/24/2015at3:48PM

SIR,

IFILLEDMYINCOMETAXRETURNFORTHEAY201213AREFILLINGINAY201617.

THANKSDEEPAKPUJARI

8. Sureshsays:08/24/2015at3:09PM

IhavenotsubmittedITreturnforAY20102011,201112,201213,and20132014.IunderstandfromyourguidethatIcansubmitpastyearsITreturn.Howeverjustwantedtoknow1)canIsubmitabovementionedassessmentyearsreturnbefore31stAugust?2)whetherthereisanypenaltyifIsubmitreturnfortheabovementionedassessmentyears?MyincomeisfromBussinesonly.IhavereceivedacomplianceforminincometaxportalaskingthatReturnNotreceived.Whatshouldbemynextstep?Pleasehelp

9. sreekanthsays:08/24/2015at1:52PM

IwannadomytaxreturnsfortheASSesmentYear2009t02010&20102011.

Itispossibledothefilingnow.

Thanks

Sreekanth

10. RiteshKumarsays:08/24/2015at1:01PM

IhavenotsubmittedITreturnforAY20132014.IunderstandfromyourguidethatIcansubmitpastyearsITreturn.Howeverjustwantedtoknow1)canIsubmitabovementionedassessmentyearsreturnbefore31stAugust?2)whetherthereisanypenaltyifIsubmitreturnfortheabovementionedassessmentyears?Myincomeisfromsalaryonly.IhavereceivedacomplianceforminincometaxportalaskingthatReturnNotreceived.Whatshouldbemynextstep?Pleasehelp

11. NIshitaDoshisays:08/22/2015at6:05PM

Iwanttofileareturnforthefirsttimeina.Y.201516fortheclaimofTDS.Myincomeisbelowtaxablelimit.isitnecessaryformetofilelastyearsreturnaswellforthispurpose?

12. KaushikBanerjeesays:08/20/2015at7:25AM

sir,canIsubmitthefileofAY201314againthroughonlineforgettingtheadjustmentofTaxwithTDS?

13. KaushikBanerjeesays:08/20/2015at7:15AM

sir,myITRfortheAY201314wassubmittedmanuallybyalocaltaxconsultantattheI.T.office,KolkataandIpaidtax.IreceivedITRVwithstamped,butnow,whenIcheckmyonlineaccount,inTracepageIfoundthatthereissomeTDS,ButinmyfileItwasnotmentionedforadjustmentorrefund.

couldIdemandforthisrefundnow?ifpossiblewhatistheway,ifyoukindlysuggestme.thankyou.

14. Tuhinsays:08/17/2015at5:26AM

IhavenotsubmittedITreturnforAY20142015and20132014.IunderstandfromyourguidethatIcansubmitpastyearsITreturn.Howeverjustwantedtoknow1)canIsubmitabovementionedassessmentyearsreturnbefore31stAugust?2)whetherthereisanypenaltyifIsubmitreturnfortheabovementionedassessmentyears?Myincomeisfromsalaryonly.IhavereceivedacomplianceforminincometaxportalaskingthatReturnNotreceived.Whatshouldbemynextstep?Pleasehelp

15. MOHD.IMTYAJsays:08/14/2015at7:21PM

Dearsir

iwasnotfiledthereturnofITRforAssesmentyear20122013(f.y1112)ITR4s.caniFiletheITRin2015pleasesuggesd

16. PRADEEPsays:08/06/2015at8:13PM

canaitrbefiledfor6yearsatatime

17. sreenivassays:08/02/2015at9:49PM

Dearsir,

fortheyear20092010mycompanyhasdeductedTDS.Duetononavailabilityofpancardcompanyhasdeducted20%(icameunder10%slab).Buttheyhavenotfiled.Isthereanyprovisionistheretofilethetax.Pleaseletmeknow.

Thanks&RegardsSreenivas

18. PRADEEPHISARIYAsays:08/02/2015at12:13PM

OneofmyclientreceivednoticefromdeptfornonfilingofItaxreturninJuly2015fortheFinancialyear201213.Nowhewantstofilereturn.Heisanbankemployeeandtdshasalreadybeendeducted.

Ihavemadecompliancethroughonlinefilingthatreturnispreparing.Dept.hasnotsentanycommunication/noticefurther.Myquestionisunderwhichsection,weshouldfilereturnbeforereceivinganynoticefromdept.

19. ambicasays:07/31/2015at8:06PM

RespectedSir,Iwanttofileprevious3yearsreturnsastherewastdsdeductedandwewanttoclaimthetdssowhatistheprocesstofileforthreeyears.

20. sudhirsinghsays:07/27/2015at3:23PM

howtopossible201213submitincometaxin2015.

21. Mehulkumarsays:07/26/2015at7:52AM

Sir,Withduerespectiwanttosaythat,Isitpossibleformetofileareturnforfinncialyear201213?????Doreplyme

22. Pankajsays:07/23/2015at9:27AM

Hi,

IefiledITR1forAY201314on31/07/2013only,buttheformwassubmittedwiththeduetaxamountaround3,000.Afterthen,IneitherdidanycorrectionnorIsentsignedhardcopytoCPC.

IreceivedFinalremindercommunication:NonReceiptofITRVnotificationforAY201314fromCPCinFeb,2015throughemail,butunfortunatelyIcouldntfilereturnwithinthetimelimits.Yesterday,ItriedtoefileITRusing139(4),andsoIpaidremainingpayabletaxamountRs.4,250(includinginterest).Afterformcompletion,IclickedsubmitbuttonandgettingTheenddateforfilingthisITRisover.message.AfterthefinalremindertillnowIdidntgetanyfurthernotificationfromCPC.

CanIsendmyITRform(whichshowssometaxamounttopay)toCPCnow?However,Ididepaymentoftheduetax+interestyesterday,butnowIcannoteditITRtomentionchallandetails.

Thanks

23. Sharadsays:07/22/2015at10:18AM

HelloSir,

ImissedfillingofITRforAY201415(i.eFY201314).

PleaseadviceashowcanIfileitnow?wouldtherebeanypenaltypayablebyme?

WhathappenstomyrefundwhichwouldbedueforthisAY.

Pleaseadvice.

24. RinkuPrasadsays:07/18/2015at8:11PM

Sir,

Iwanttoknowthatifagovt.salariedemployeepaidhistaxasperITruleandtherehasnotinganyduesbuthecouldnotfilehisITreturn.Knowhewanttofileyourreturnso,pleasesendyourvaluablefeedbackregardingthismatter(Latefillingifanyorhowmanypreviousyearreturncanhefile?

25. RajeshKumarsays:07/16/2015at10:39PM

AllarewelcometothegroupAsanIdeasforWealthinfacebookwhereyoucangetanswersforallthe

abovequeries.

26. BSRAJsays:07/13/2015at11:54AM

Sir,

IhavefiledITRforAY201213wronglyIhavemistakenAYastheFY.ThatmeansevenwhenmyincomeinFY201213wasbelowtaxableslab,IhaveenteredfiguresofFY201314inmyITRforAY201314(ieFY201213)andbecauseofthatIamliabletopaysomeamountastax.NowwhenIfoundthiserror,Iwastryingtorevisethisreturnfile.ButthesystemsaysitisnotpossiblesincelastdateforthatAYisalreadyover.Isthereanyotherwaypossibletosettlethatissue?

BecauseofthiserrorandunsettledITRforAY201213,williteffectnextyearsITRsandrefunds?

Regards,BSRaj.

27. NavinKumarsays:07/10/2015at11:11AM

siriwanttoknowtheprocedureforclaiminglast6yearsincometaxrefundifihavenotfiledITreturnsforthatyears.Applicationtowhomtobemade,inwhatformat,manualorelectronicform,etcdetails.PleaseGuide

ThanksandregardsNavinKumar

28. ankurgoelsays:07/04/2015at5:28PM

DearSir,1.iwanttoknowthatcanreturnf.y1213berevisedafter31mar15ififilereturninmar15,duetoinreturnwrongaccountno.feedsoplsgivesolution.2.ifinothaveapanno.bankdeducttdsonFDRinterest.afterthatiapplypanno.canafterallotpancandeductedtdsbeforemar15berefunded.

29. VECTORsays:07/01/2015at10:33AM

HallosirIwanttoknowtheprocedureforclaiminglast6yearsincometaxrefundifihavenotfiledITreturnsforthatyears.Applicationtowhomtobemade,inwhatformat,manualorelectronicform,etcdetails.PleaseGuideThankingyou.

30. Ruhisays:06/30/2015at3:56PM

sir

iwanttoknowtheprocedureforclaiminglast6yearsincometaxrefundifihavenotfiledITreturnsforthatyears.Applicationtowhomtobemade,inwhatformat,manualorelectronicform,etcdetails.PleaseGuide

ThanknregardsRuhi

31. neeleshpbsays:06/28/2015at9:32AM

Iamagovernmentemployee.everyyeartaxwasdeductedbyemployer.Myyearlysavingsisbelow50000/.Ifailedtosubmititronduedate.Nowon25juneifiledreturnforassesmentyear1415&1516throughonlineandforyear1314and1213,idownloadedtheexcelformatformandtooktheprintoutafterenteringdate.Nowiforwardedallthr4itralongwithapersonalapplicationtoincometaxdepartmentbangalore.Isthereanypossibilitytogettherefundofallyears

32. Uttamsays:06/24/2015at7:28PM

Sir,

Iamanemployeeinaprivateschoolandhavenotfiledincometaxsincethepastsixyears,soalsotheotherstaffinmyschool.Thesalarywasnotgiventotheemployeesheretimely,sometimethesalarywasreleasedafter45monthsandthedetailsofbreakupofsalarywasnotrevealedtotheemployeesbytheemployer.Now,wereceivednoticefromtheincometaxdepartmenttopaythetaxfortheprecedingsixyears.Uponourapproachtotheemployertohelpusinthismatter,theemployerkeepssilent.Irequestyoutokindlyhelpmetoknow(i)whoshouldbeapproachedforthis(b)howtogetacompletepictureofthesalarystatementforthepastsixyears(c)canitthetaxbesubmittedmanually(d)CanIasanindividualfilemyincometaxfortheprecedingsixyearsalonewithouttheassistanceofmyemployer(e)whoshouldcertifymysalarystatement?(f)whatkindofpenaltyisexpectedinthiscase(e)cantheemployernotbeequallyresponsiblefornotdeductingtaxatsourceanddepositingmytaxonline?Sincemanyyearshavepassedandwedonothavetheproperrecordofsalarystatement,itbecomearealdifficultyinevenassessingthetotaltaxduringthisperiod.Pleasehelpmetoovercomethissituation.

33. Praving.says:06/23/2015at5:43PM

Hi,IhavepaidmytaxforlastyearbutsomepartwasduefromemployersideneedtobepaidandaccordinglyIhadtofilemyreturns.IhavepaidmyfulltaxthisyearandImduetofilethesame.Myquestions:

1.CanIfilemyreturnsforthisyearwithoutfilingforlastyear?2.Therewassometaxdueforlastyear,letssayaroundrs15000,amIneedtopayinterestandevenpenalty?

Plssuggest?

34. SarwanKr.Vishwakarmasays:06/21/2015at2:10AM

Siriwanttofilereturnoffy1213butduedateispassedon31stmarch2015,,,cozfy1213returnshowsmytdsrefundablearoundrs.8,215,iwanttoclaimrefundwhatshouldido,,whetheranywrittenapplicationtobegiventocommissionerwillhelpmetosortoutthisproblemorotherprocedurepleasegivemesuggestionasap,,,regards

35. Sapnasays:06/15/2015at1:43PM

SirIwanttopayprevious3yearreturn.canyoutellmehowtopay

36. chamaksays:06/13/2015at11:14AM

siriampunjabgovtemployee.duetopranissuelast4monthssalary(Dectomarch,)offinancialyear201415havn,tcomeintomybankaccountandthiswillgetcreditinmonthmay2015.soformeduringfinancialyr1415mytotalgrosssalarybecomeslessandforthecomingyearitllbecometoomuch.whatisshoulddonow.lastyearsalaryshouldbecountedinfinancialyear1415soineednotpaymoretaxes.

37. yashpalsays:

06/09/2015at1:08PM

Siriwanttofilereturnoffy1213butduedateispassedon31stmarch2015,,,cozfy1213returnshowsmytdsrefundablearoundrs.3000,,iwanttoclaimrefundwhatshouldido,,whetheranywrittenapplicationtobegiventocommissionerwillhelpmetosortoutthisproblemorotherprocedurepleasegivemesuggestionasap,,,regards

38. ManjotBajwasays:06/07/2015at6:54PM

Hisir

Iwanttoknowthatcanimakeanychangeinthetaxreturnwhichihavealreadylodge.Fortaxreturnofyears20092010,20102011,20112012,20122013and20132014pleasesirhelpifyoucan

RegardsManjotBajwa

39. sandeepsays:05/26/2015at7:34PM

Sirduetosomepersonalreasonsiwasnotabletofilereturnsafterassessmentyear20102011.thatwasmyfirstandlastreturntillnowbutnowiwanttofileallmypendingreturns.plsgivemethebestsolutiontosolvethissituationASAP.watingforyourearlyandpositiveresponsewithcompletedetailsofsolutionregardssandeep

40. Rajsays:05/15/2015at2:29PM

canifilereturnoffinancialyearended31.03.13today???

41. RAMANsays:05/15/2015at8:03AM

THANKSFORTHEINFORMATIONSIR.

42. RawalSinghBhatisays:05/11/2015at6:46PM

mr.Punamranga

PleaserefermysuggestiongiventoMr.Raman,imergeurquerryinthesame


Ravijain

Youmayfilef.y1314returnupto31mar2016deadlinedate.

Yeshehavetopaypenaltyandinterestifthereissometax.Calulateontaxandtimebasis


Mr.SrinivasNormalyucannotfilereturnfora.y1213yourself

HoweverifuhavehighamountofTDS,thenyoumaygotoA.Oandaskhimtoissuenoticeu/s148.

Youmayhavetopenaltyus271maximumrs.5000only.


MrRaman

YoucanfileyourReturntill31mar2016,forf.y1314.Withoutanypenalty[umayfile2returnatatime]

Thereisnoneedtofileallpreviousreturn.Andalsoyournotrequiredtosubmitp&landb/s,sincesalaryclasstaxpayerdonotneedtopreparp&l,b/s

46. jigneshsays:05/11/2015at4:28PM

sir,ifaassesseehasnotfiledtaxreturnforthef.y200910andhis26asshowingtdsofRs.15000andhisincomeisbelowthelimitofexemptioncanheclaimrefundforthesame?

procedureforrefundapplication.

47. punamrangasays:05/08/2015at3:05PM

Dearsir,Iwasthesalarypersonandiamfilingthereturnfrom1980onwardbutduringthetheyear2002Iwasdisturbedduetoexpiredofmywifeandilefttheserviceandmysalaryincomewasclosedandihavenotfiledthereturnforincometaxfrom20032004againduringtheyear2013Ihavejoinedtheserviceinajewelleryshowroomandnowmysalaryincomeagainstartedandalsosomeofamountabout4000deductedastdsbythecompanysoplsadvicemecanifilenowthereturnasduringthealltheyearsihavenotaxableincomenowmysalaryisgoinginthebankancoountandtdsisbeingdeductedbyemployersplsadvicehowicanfilethereturncanifileonlyforcurrentyearsreturnalongwithallthebalancesheetandprofitandlossaccounttothedepartment.??plsadvice..

48. RaviJainsays:05/03/2015at5:24PM

SirinmyfactoryAworkerwhowantgetloanforpurchaseaproperty(House).Sohewillneedtoshowhislastthreeyearsreturns.andactuallyhefiledreturnforFY1213butduetosomereasonhecouldntfilereturnforFY1314.Sothereisanypenaltywillbeimposedonhim.Andheshowshisincomesomeuptothanexemptionlimit.andwhatisthelastdateoffilingreturn(Individuals)forFY1314.

49. SrinivasNsays:04/29/2015at5:27PM

Sir,IhavesubmittedITR4throughonlineforAY201314&201415byclaimingrefundonDt:31.03.2015.DuetotimebarIhavenotfilereturnforAY201213,NowCanIfilereturnthroughonlineandcaniclaimrefund?

50. surendrasays:04/29/2015at10:42AM

GoodMessage.

51. RAMANsays:04/28/2015at9:57PM

Hisir.IamcentralGovt.Employeeandtds/incometaxhasbeendeductedbymydeptofFY201314,butIdidnotfilereturnofthesameyear.CanIfilethereturnofFY201314alongwith201415andshouldIhavetopayanyinterestorpenalty?


@venkat

Solutiontourquerry:Itsuponyourwishtofilereturnincometaxactnotmandatetofilereturn

Refundisnoton,whatyouinvest,insteaditwasuponexcesstaxpaidbyyou[bywayofTds/advtax].Thereforyoucantclaimrefund.

Extraadvice:Itsbettertofilereturn[althoughnotcompulsary],sothatyourincomerecordremainatgoodlevel[incaseyouwantbankloanetc][alsoumayhavevariousinterestincome,etc].Soitisadvisibletofilereturnwithinexemptionlimit


@vinayak

Youcanfilereturnforf.y1314and1415withoutanylatefee/penalty/interest

Butucannotfilereturnforf.y1213[sincelastdatetofilebelatedreturnwas31.mar.2015]

Alsotakecareifulookingforbankloan,makesuregapbetween2returnisminimum6months.

54. Venkatsays:04/24/2015at4:24PM

Forlast13yearsIhavebeenfilingITreturns.NowthisyearFY201415Idonthaveincome(Zeroincome)asIhavebeenoutofjobfrom1stApr2014to31stMar2015.HoweverIhavedoneinvestmentsworth1.15lakhsu/s80CCC,80C,80DduringthisFY201415.Ihave2questions:a)ShouldIfilereturnsforFY201415?b)WouldIgetanyrefundifIfilereturnsontheinvestmentsworth1.15lakhs?

55. vinayakchavansays:04/16/2015at1:02PM

Iamanemployeeinprivatelimitedcompanyforlast3years.ForF.Y.201213,201314&201415myincomeisnottaxable.Iwantfiledreturnforthese3yearsnow.Willihavetopayanypenaltyorinteresttogovernmentforlatefillingofreturn?


@Mr.Sataish

YesMrX.canclaimrefund.Heneedtofileareturnu/s139[4]forA.Y1415[i.e,forf.y1314]

IfhisTaxonIncomeafterconsideringinvestislowerthantheTDSamountthanMr.Xabletogetrefund


@Mr.Sataish

YesMrX.canclaimrefund.Heneedtofileareturnu/s139[4]forA.Y1415[i.e,forf.y1314]

IfhisTaxonIncomeafterconsideringinvestislowerthantheTDSamountthanMr.Xshallgetrefund

58. SATISHsays:04/06/2015at11:35AM

MrxnotfileROIForF.Y201314.HisTDSRs10000forF.Y201314.Heissalariedemployee.NootherincomeforsuchF.Y.canHeclaimRefundforF.Y.10000?HeinvestRs20000&25000forPPF&BankFDRespectivelyinF.Y201314.

59. RawalSinghBhatisays:04/06/2015at8:18AM

@Mr.AshokKumarB

IfYourassementisnotcompletedandyoufileurorginalreturbeforeduedate139[1]thenyoumayfilerevisedreturnu/s139[4]

Ifurassessmentisdoneinanycase:youmayfilerectificationapplicationu/s154[byvirtueofsec154(2)]


@Alex

SuggestiongiventorajendrakumarisMutatismutandisappliabletoyouforAY0809


@Anitha:maximumrs.5000onlypenaltymaybeimposed.ButifyourincomedoesnotexceedthespecifiedamountinrelventA.ythenpenaltywillnotattract[youhavetocheckyourA.Yandexemptionlimitforfilingreturnforsalaryclass]


@Rajendrakumar:youcantfileyourreturnforFy201112[i.e,AY201213]Today,

HoweverifuhadlargeamountofTDSforthatyear,thanyoumayaskforA.O[assesingofficer]toissue148notice,andthenumayfilesuchreturn[youmayliabletopaypenaltyofsec271ofrs.5000only,thatswhyisaidifuhadlargeamountoftds]

63. ASHOKKUMARBsays:04/02/2015at10:25PM

IhavefiledITR1sincelast4yearswithoutconsiderationInterestonHouseLoan.NowIgotthedetailsofInterestofHouseLoan.CanIfilerevisereturnsforlast4yearsandgettherefundofexcessTDSdeductedbyemployer.

Thanksandregards

64. Alexsays:04/01/2015at9:54PM

Dearsir,

IhavebeenfilingmyITReturnsregularlyforpast9yearsbutmissedfilingforAY20082009asIwasoutofcountry.CanIstillfilereturnsforthatyear,pleasesuggest.TDShasalreadybeendeductedandthereissomerefundamountforthatparticularyear.Pleaseletmeknowhowtoprocessthereturns.

Thanks,Alex.

65. Bhushansays:04/01/2015at4:20PM

Verynicearticleonapopularandrequiredsubjectmatterofdiscussion.ThankyouandKeepitup!

66. CAUmeshSharmasays:03/30/2015at12:34PM

DearAnita,IncomeTaxReturnneedtobefiledevenifTDSofsalariedemployeeisdeducted.

Penaltyfornonfilingorlatefilingmaybeimposedbythedepartment.

67. Pawansays:03/29/2015at11:51PM

VeryUsefulInforamation.

68. PuttarajuSsays:03/25/2015at2:19PM

Mr.RajinderKumar,

youcanfileyourreturnforpreviousAYonlyifyougetanoticefromthedepartment,whichisalsosubjecttopenaltyandlateinterestcharges

69. SHANKARANarayanasays:03/24/2015at3:39PM

DearCAUMESHSHARMAITISREALLYAGOODINFORMATIONTHANKSSIRVERYKINDOFYOU.

70. AKMansurisays:03/24/2015at10:48AM

Somethinglacks.What?Idontknow

71. TRChandrasekaransays:03/24/2015at10:43AM

Illustrative,educativeandinformative

72. PuttarajuSsays:03/24/2015at10:22AM

Thefollowingcanbetheconsequencesforfilinglatereturn:4..

5.Ifthereisrefundtothetaxpayerthenaftertheduedatehewillnotgettheamountofinterest.

Isthe5thpointreallytrue?IsthereanySectionaspertheActwhichsaysinterestonrefundwillnotbepaidforbelatedreturns?

73. Anithasays:03/24/2015at10:20AM

sir,willpenaltybeimposedincaseofnonfilingofreturnsbyasalariedemployeebuttdshasbeendeductedandsamehasbeenreflectedinForm26AS?

74. RAJINDERKUMARsays:03/24/2015at10:12AM

DearSir

ThanksalotsforvaluableinformationbutihaveonequerylastweekitrytofilltheITR1intheFinancialyear201112butasperyourarticleifilltheITRbutsystemnotacceptedtheITRpleasesuggestandgivebestguidance

Iwillwaityouvaluableresponse

WithThanks&BestRegards

RajenderKumar+919988738346

75. SBalasubramaniansays:03/23/2015at9:10PM

Myknowledgeisenhanced.Thanks.

76. AJAYsays:03/23/2015at7:45PM

ThanksSirforthisinformation

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