With the amendment of Finance Act 2016, from AY 2017-18 (FY 2016-17) Income Tax belated returns should now be filed before the end of the relevant Assessment Year only.įor example, return for FY 2018-19 can be belatedly filed on or before 31-03-2020 only. Therefore, if your income is over Rs 2.5 lakh, then it is compulsory for you to file your income tax return in India.Īs of now, in this financial year you can file your income tax returns for the previous two financial years.įor example : In the FY 2017-18, up till 31st March 2018, you can file return for the previous two financial years i.e., FY 2016-17 (or AY 2017-18) and FY 2015-16 (AY 2016-17).Ĭan I file my FY 2015-16 / AY 2016-17 ITR now? – Yes, you can file it on or before 31-March-2018.Ĭan I file my FY 2016-17 / AY 2017-18 ITR now?– Yes, till 31-March-2018.Ĭan I file my FY 2017-18 / AY 2018-19 ITR now?– Yes, till 31-March-2019. How many past years’ Income Tax Returns can be filed?Įvery individual whose gross total income exceeds the taxable limit is liable to file income tax return (ITR).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |