07 February 2018
Sir, I have a small business of hiring vehicle. I have 3 tata ace. I want to take a loan from bank, but bank demands last 3 years IT file. I have no IT file till now. So, I have some query -
1). Can I file the return as per section 44AE. 2). For filling A.Y 2015-16 , 2016-17 , 2017-18 - will any penalty impose on me for late filling as I will file NIL Return.
08 February 2018
No more penalty is applicable.... You can't file AY 2015-16. But, You can file AY 2016-17 & 2017-18..... So, You can file Two Year IT. Both AY years Last Date is 31.03.2018...