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income tax return after 31st March 2018 for AY 2017-2018

07 April 2018

any option to file return of AY 2017- 2018 after 31st March 2018.

what are the consequences for non filling of income tax return.

My return was nil return so is there any problem?

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8 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174763 Points)
Replied 07 April 2018

Now you cannot file return for AY 2017-18.......

No penalty levied if your gross income had been below basic exemption limit i.e. 2.50 lakhs

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174763 Points)
Replied 07 April 2018

In case of any AIR report, query may be raised by department, as such you would be able to file ITR

Harsimran Singh (Student) (204 Points)
Replied 17 April 2018

if someone's income is around 5 lakha and tds around 25000 can she file late return now? what is the penalty for late filling of return of AY 2017-18 after 31.03.2018?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174763 Points)
Replied 17 April 2018

Rough calculation shows refund around Rs.5000/- (unless income exceed 5L). Any 80C or other deductions?

So, calculate first the net tax liability and refund amount possible.

If you wish you can go for condonation request with department (little tedious). If the request is approved, you can file return without any penalty....