Can I file Nil ITR for FY 2018-19 now. If yes, how much penalty I have to pay?
Please guide.
Yes, you can file upto 31st July
for Nil, there is no penalty
10 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 14 July 2020
@ Mr Sachin Parikh.,
Yes... You can file ITR for FY 18-19 up-to 31st July-20 as per extended due date.
No more penalty if Your Taxable income less than 2.5 laksh (also nil return).
Yes... You can file ITR for FY 18-19 up-to 31st July-20 as per extended due date.
No more penalty if Your Taxable income less than 2.5 laksh (also nil return).
sachin parikh
(125 Points)
Replied 14 July 2020
Thanks all
I hope even I can file ITR 4 also nil for FY 2018-19
for proprietor who is going to business next month but wants to file ITR 4 nil for last two FY.
I hope even I can file ITR 4 also nil for FY 2018-19
for proprietor who is going to business next month but wants to file ITR 4 nil for last two FY.
annu Goyal
(1102 Points)
Replied 14 July 2020
Yes, ITR 4 can also be file but ITR 4 only when file under sec 44ad , means declaring 8% on turnover with not mention balance sheet
File ITR 3 when you file with proper balance sheet....
File ITR 3 when you file with proper balance sheet....
Debiprasad Jana
(295 Points)
Replied 14 July 2020
Yes you can. if your income is below 2.5 lakh its ok. if its more tgan 2.5 lakhs then you will have to pay fee of rs 1000
Harsh Shah
(Marketing)
(25 Points)
Replied 14 July 2020
If you have missed the due date to file your return, you can still file and if your income is under 2.5 lakhs (Nil return)
manoj
(student)
(5205 Points)
Replied 15 July 2020
if your gross income is upto 2.5 lacs than no penalty if above than you have to pay penalty of 1000 u/s 234 F
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