I have not filed my ITR for last two years. What should I do ??
Is there any penalty consequences ?
16 Replies
Roshni
(Studwnt)
(1141 Points)
Replied 25 January 2020
Atleast file preceding year return by 31/03/2020
PRIYANKA GUPTA
(ASSISTANT)
(154 Points)
Replied 25 January 2020
Yes you can file return for the financial year 2018 - 2019 upto 31/03/2020
sabyasachi mukherjee
(27579 Points)
Replied 25 January 2020
What's your age?
source of income.
does it exceed max. amount not chargeable to tax.
source of income.
does it exceed max. amount not chargeable to tax.
Radhanath Parida
(Article Assistant)
(149 Points)
Replied 25 January 2020
@ Sabyasachi Mukherejee
Age 33
Yes, Salay income exceeds the basic exemption limit.
Age 33
Yes, Salay income exceeds the basic exemption limit.
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 25 January 2020
Dear Radhanath Ji,
As other experts have suggested, its better if you file return for AY 2019-20 before 31/03/2020 and for earlier year, since you are a salaried person, TDS would have been deducted by employer. So just keep your Form 16 and 26AS printout with you for future reference.
Regards
As other experts have suggested, its better if you file return for AY 2019-20 before 31/03/2020 and for earlier year, since you are a salaried person, TDS would have been deducted by employer. So just keep your Form 16 and 26AS printout with you for future reference.
Regards
CA Kiran Sutrave
(CA)
(428 Points)
Replied 25 January 2020
File your tax return for FY 2018-19 (AY 2019-20). Since the tax return for FY 2017-18 (AY 2018-19) is not filed, the tax department may levy a penalty for non-filing of tax return of Rs. 10,000 (Section 234F of the Income-tax act, 1961)
Kapadia Pravin
(17259 Points)
Replied 26 January 2020
You can straight way file FY 2018-2019 ITR upto 31-3-2020 with late fee under 234F
For FY 2017-2018, you may have to first go for approval under 119(2)(b) for Condonation of delay.
For FY 2017-2018, you may have to first go for approval under 119(2)(b) for Condonation of delay.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 January 2020
@ Mr Radhanath Parida.,
( Salay income exceeds the basic exemption limit )
If Your salary exceeding BEL then Better to File ITR AY 19-20...
For AY 18-19 : If You want to claim any refund then try to file Condonation delay request. After acceptance of request then You can file ITR for AY 18-19. Otherwise no way for filling ITR for AY 18-19...
( Salay income exceeds the basic exemption limit )
If Your salary exceeding BEL then Better to File ITR AY 19-20...
For AY 18-19 : If You want to claim any refund then try to file Condonation delay request. After acceptance of request then You can file ITR for AY 18-19. Otherwise no way for filling ITR for AY 18-19...
Kapadia Pravin
(17259 Points)
Replied 27 January 2020
You can file AY 2019-2020 ITR with late fee now itself .
Filing of ITR for AY 2018-2019 is an independent issue. You may file if Condonation approval given by Jurisdictional CIT or may not if Condonation rejected.
Filing of ITR for AY 2018-2019 is an independent issue. You may file if Condonation approval given by Jurisdictional CIT or may not if Condonation rejected.
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 27 January 2020
While applying for condonation of delay, also submit computation along with form 16 or 26 AS
CA Kiran Sutrave
(CA)
(428 Points)
Replied 27 January 2020
How do you apply for condonation - online or offline?
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 27 January 2020
Condonation application is not present Online at present. It should be addressed to Jurisdictional CIT.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 January 2020
Which condition can apply Condonation delay request for filling ITR...?
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