Can Income Tax Return be filed for FY 2018-2019 ( AY 2019-2020) .ITR 1 required to be filed and tax liability is zero as all taxes are deducted by Employer u/s 192? In the event no Tax Return can be filed is fees u/s 234f to be paid voluntarily or after receipt of Notice.?
4 Replies
Kapadia Pravin
(17259 Points)
Replied 21 January 2021
Good to file return after taking approval under 119(2) and pay penalty @ time of return filing. This is mandatory to file ITR.
Basua
(zz)
(39 Points)
Replied 21 January 2021
An application u/s 119(2)(b) can only be filed in 2 circumstances:-
Claiming of refund(s) for any relevant Assessment Year (AY); and
Claiming of carry forward of loss and set-off thereof for any relevant AY.
In the above case it does not fulfil the criteria as no refund due neither any c/f of losses...So, I guess application u/s 119(2) cannot be moved in the instant case.
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