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Validity of ITR file after assessment year

pushpak (ACOUNTANT) (33 Points)

24 April 2021

due date of belated return is is up to end of the assessment year.
what if a person files return after expiry of assessment year

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7 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 24 April 2021

You may file ITR only after filing an application for condonation of delay. If the delay is condoned by the dept then you will be able to file ITR by selecting the option "119(2)(b) after condonation of delay" in the ITR.

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pushpak (ACOUNTANT) (33 Points)
Replied 24 April 2021

Someone has filed it without any condonation and that's surprising...
if he has alredy filed. is it legally valid?

CMA Poornima Madhava (CMA) (13112 Points)
Replied 24 April 2021

Oh! This is new even to me!! I've not come across such an instance so far. Has the ITR been processed? What's the status?

pushpak (ACOUNTANT) (33 Points)
Replied 24 April 2021

The client has recently filed it so it does not show the status as "processed" but only shows "successfully e verified"

CMA Poornima Madhava (CMA) (13112 Points)
Replied 24 April 2021

I suggest that you wait for some time to see if it gets processed. If yes, then great else file application for condonation of delay. Even I'm curious to know the status at the end.

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pushpak (ACOUNTANT) (33 Points)
Replied 24 April 2021

Me too want to know the results... let's wait and watch

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Sivaramaraju G (Learner) (2398 Points)
Replied 26 April 2021

Hello guys I have came across the same situation. some one used my mail ID for filing when I was doing my articleship. for that mail ID I got a mail on 23rd april for successful submition of IT Return and with in two days on 25th I got mail for ITR intimation on processing. we can say this is a loop whole for late filers.