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Belated return

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(Querist)
05 December 2016 dear sir whether belated return can file ay15-16 on 5/12/2016 and origibal return ay16-17 both return can file same date or not.
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ANKIT AGARWAL

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ANKIT AGARWAL (Expert)
06 December 2016 Yes you may file returns for AY 2016-17 and AY 2015-16 return could be filed before march 2017, however there MAY be a penalty of maximum of Rs. 5000 [It is not mandatory]
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alpesh

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alpesh (Querist)
06 December 2016 but sir both return are below taxable whether panalty levied.
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alpesh

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alpesh (Querist)
06 December 2016 but sir both return are below taxable whether panalty levied.

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