Return filing
avdhesh kumar choudhary (student) (39 Points)
12 April 2019
can I file income tax return (AY2018-19) after 31st March?
4 Replies
Umesh V Naig
(Statutory Analyst)
(452 Points)
Replied 12 April 2019
when a salary is not received during the year , and subsequent period it is received , how an individual file the salary return when actual bank credit is not done.
How a taxable income is arrived in such case for ex
salary per month 80000/for FY 18-19 , till Mar 2019 no bank credit or receipt happend but only in FY 19-20 actual receipt of money in the bank is establised.
How a return will be submitted with tax implications if any
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 14 April 2019
salary income is taxable on payments basis so taxable in financial year 2019-20
Umesh V Naig
(Statutory Analyst)
(452 Points)
Replied 15 April 2019
But practically sometimes employer releases in the month of Oct 2019 for FY 2018-19 , with TDS deduction and file return belatedly
Meanwhile employee returns are filed due date 31 st July 2019,
Hence we may have to file a revised return individual employee to avoid the AS 26 error and refund
What is law of practice
Recent Topics
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
