Regarding itr of fy-2015-16 in ay-2016-17

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2015 My wife have not filed any ITR till FY-2014-15.Actually,she buy/sell shares on a very small pattern from FY-2011-12.It is incurring from my earning transfer to wife's bank account.As such,there is no higher amount of profit, Rs.35000 from inception.
But,we want to filed up regularly ITR from FY-2015-16 in AY-2016-17 and on ward regularly.
Will there be arise any difficulties/penalty/complication/fine etc?

Please mention clear,can this case study be solve or not? If yes,how?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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12 July 2015 No there will be no issue since the Income is well below threshold limit. But you can also start filing from AY 2015-16. Due date of filing of return has been extended from 31.07.2015 to 31.08.2015.