Belated return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2016
Dear sir,
Belated due date for filing Itr's of A.y 14-15 is 31.03.2016 .My question is when i tried to file Itr-1 of A.y 14-15 after 31.03.2016 in income tax efiling site it's showing popup as the end date for the filing ITR over but i came to know that on submitting the Itr 4s of A.Y 14-15 after 31.03.2016 it's accepting in the e-filing department.How it's possible as the due date of A.Y14-15 is 31.03.2016 for all the tax payers?
Belated due date for filing Itr's of A.y 14-15 is 31.03.2016 .My question is when i tried to file Itr-1 of A.y 14-15 after 31.03.2016 in income tax efiling site it's showing popup as the end date for the filing ITR over but i came to know that on submitting the Itr 4s of A.Y 14-15 after 31.03.2016 it's accepting in the e-filing department.How it's possible as the due date of A.Y14-15 is 31.03.2016 for all the tax payers?
28 May 2016
No, it is not possible. Last date for AY 2014-15 was 31st March 2016 for the ITR.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2016
No Sir, it's taking ITR-4s u/s142(1)
31 May 2016
Yes , if you have received the notice the notice you can file it not only ITR 4S even other ITR also. Income tax return filing U/s 142(1) means you are filing the return after getting the Notice.
Notice under Section 142(1) is usually served to call upon documents and details
from the tax payers, and to take a particular case under assessment.
The basic purpose is to inquire the details of the assessee before making assessment
under the Act. It can be related to ‘Preliminary Investigation’ before starting the assessment.
By serving a notice u/s 142(1) the assessing officer, may call upon the assessee:
1. To furnish a return of income in respect of which he is assessable, where he has not filed his return of income within the normal time allowed.
– It may include return in respect of his own income or income of other person for which he is liable to be assessable. Example In case of legal guardian/ deceased person.
2. To produce accounts or documents which the AO may require for the purpose of making an assessment.
3. To furnish in writing any information on matters including statement of the assessee. For Example statement of assets and liabilities of the assessee on a particular date.
The AO may or may not start assessment after compliance with this notice, dependent upon the facts of assessee. If AO is satisfied with the produced documents or return, he may not start with the assessment process.
Compliance with this notice u/s 142(1) is mandatory even if the tax payer is of the opinion that the accounts/documents requested are irrelevant.
If assessee do not comply with the provisions of this section:
– It may result in Best Judgement Assessment u/s 144, or
– Penalised under Sec 271(1)(b) i.e. Rs10,000 for each failure, or
– Prosecution under Sec 276D which may extend upto 1 year with or without fine.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Click on THANK USER button to convey your appreciation.
Notice under Section 142(1) is usually served to call upon documents and details
from the tax payers, and to take a particular case under assessment.
The basic purpose is to inquire the details of the assessee before making assessment
under the Act. It can be related to ‘Preliminary Investigation’ before starting the assessment.
By serving a notice u/s 142(1) the assessing officer, may call upon the assessee:
1. To furnish a return of income in respect of which he is assessable, where he has not filed his return of income within the normal time allowed.
– It may include return in respect of his own income or income of other person for which he is liable to be assessable. Example In case of legal guardian/ deceased person.
2. To produce accounts or documents which the AO may require for the purpose of making an assessment.
3. To furnish in writing any information on matters including statement of the assessee. For Example statement of assets and liabilities of the assessee on a particular date.
The AO may or may not start assessment after compliance with this notice, dependent upon the facts of assessee. If AO is satisfied with the produced documents or return, he may not start with the assessment process.
Compliance with this notice u/s 142(1) is mandatory even if the tax payer is of the opinion that the accounts/documents requested are irrelevant.
If assessee do not comply with the provisions of this section:
– It may result in Best Judgement Assessment u/s 144, or
– Penalised under Sec 271(1)(b) i.e. Rs10,000 for each failure, or
– Prosecution under Sec 276D which may extend upto 1 year with or without fine.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Click on THANK USER button to convey your appreciation.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- GST rate for millets.
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
