The late filing penalty 4. Again, file you return and pay as little or as much as you can afford , or even nothing. Doing so will result in the higher filing penalties stopping once you have filed. We provide all the forms, tax calculators, and tools for previous year tax returns below. Plus, you can contact one of our Taxperts to assist you with your previous year tax returns or tax amendments. In certain cases, we work interactively with taxpayers and our certified public accountant or CPA can prepare your previous year tax return with you.
Additional Information: A tax year is from January 1 - December 31 for any given year. A tax season prepare and e-file returns for the previous calendar or tax year is from January 1 until October 15 of any current year. During any current tax season or calendar year, a timely tax return would be prepared and e-filed for the previous calendar year. To put it simply: during January 1, - April 18, , you prepare and e-file taxes for the tax year of There are tax extensions if the taxpayer is unable to file by the date which can extend the filing deadline to October 15, , but not the payment deadline.
If you do not owe taxes, you can prepare and e-file until the October date without filing an extension. One more Awareness Tip: Should you expect a tax refund for a previous year tax return, you practically don't have to worry about penalties.
The only penalty you may face is a self-imposed penalty because you are letting the U. Companies Accounting Standards Rules, Companies Auditors Report Order, Cost And Works Accountants Act, Deposit Scheme for Retiring Government Employees, Direct Tax Vivad se Vishwas Rules, Electronic Furnishing of Return of Income Scheme, Employees Stock Option Plan or Scheme.
Equalization Levy Rules, Equity Linked Savings Scheme, Expenditure-Tax Rules, Faceless Appeal Scheme, Faceless Assessment Scheme, Faceless Penalty Scheme, I have not submitted IT return for AY My income is from salary only.
I want to file a return for the first time in a. My income is below taxable limit. I have not submitted IT return for AY and But they have not filed. Is there any provision is there to file the tax.
Please let me know. Now he wants to file return. He is an bank employee and tds has already been deducted. I have made compliance through online filing that return is preparing. My question is under which section, we should file return before receiving any notice from dept. Respected Sir, I want to file previous 3 years returns as there was tds deducted and we want to claim the tds so what is the process to file for three years.
Sir, With due respect i want to say that, Is it possible for me to file a return for finncial year ????? Do reply me. I want to know that if a govt. Know he want to file your return so, please send your valuable feedback regarding this matter Late filling if any or how many previous year return can he file? Now when I found this error, I was trying to revise this return file. But the system says it is not possible since last date for that AY is already over. Is there any other way possible to settle that issue?
Application to whom to be made, in what format, manual or electronic form, etc details. Please Guide…. Dear Sir, 1. Hallo sir I want to know the procedure for claiming last 6 years income tax refund if i have not filed IT returns for that years. Please Guide… Thanking you.
I am a government employee. I failed to submit itr on due date. Now i forwarded all thr 4 itr along with a personal application to income tax department bangalore.
Is there any possibility to get the refund of all years. I am an employee in a private school and have not filed income tax since the past six years, so also the other staff in my school. The salary was not given to the employees here timely, sometime the salary was released after months and the details of break-up of salary was not revealed to the employees by the employer. Now, we received notice from the income tax department to pay the tax for the preceding six years. Upon our approach to the employer to help us in this matter, the employer keeps silent.
I request you to kindly help me to know i who should be approached for this b how to get a complete picture of the salary statement for the past six years c can it the tax be submitted manually d Can I as an individual file my income tax for the preceding six years alone without the assistance of my employer e who should certify my salary statement?
Since many years have passed and we do not have the proper record of salary statement, it become a real difficulty in even assessing the total tax during this period. Please help me to overcome this situation. Hi, I have paid my tax for last year but some part was due from employer side need to be paid and accordingly I had to file my returns. I have paid my full tax this year and I m due to file the same. My questions :. Can I file my returns for this year without filing for last year?
Sir i want to file return of fy but due date is passed on 31st march ,,,coz fy return shows my tds refundable around rs. I want to know that can i make any change in the tax return which i have already lodge. For tax return of years , , , and please sir help if you can. Sir due to some personal reasons i was not able to file returns after assessment year However if u have high amount of TDS, then you may go to A. You can file your Return till 31 mar , for f.
Without any penalty [u may file 2 return at a time]. There is no need to file all previous return. Sir in my factory A worker who want get loan for purchase a property House. So he will need to show his last three years returns….
So there is any penalty will be imposed on him. And he shows his income some up to than exemption limit. Hi sir. I am central Govt. Can I file the return of FY along with and should I have to pay any interest or penalty?
Solution to ur querry: Its upon your wish to file return incometax act not mandate to file return. Extra advice: Its better to file return [although not compulsary], so that your income record remain at good level [in case you want bank loan etc] [also u may have various interest income,etc]. So it is advisible to file return within exemption limit. For last years I have been filing IT returns. However I have done investments worth 1. I have 2-questions: a Should I file returns for FY?
I am an employee in private limited company for last 3 years. For F. I want filed return for these 3 years now. Will i have to pay any penalty or interest to government for late filling of return? Yes Mr X. Y [i. X able to get refund. X shall get refund. Y He is salaried employee. No other income for such F.
Anitha: maximum rs. But if your income does not exceed the specified amount in relvent A. Y and exemption limit for filing return for salary class ]. However if u had large amount of TDS for that year, than you may ask for A. O[assesing officer] to issue notice, and then u may file such return [you may liable to pay penalty of sec of rs. Now I got the details of Interest of House Loan.
Can I file revise returns for last 4 years and get the refund of excess TDS deducted by employer. I have been filing my IT Returns regularly for past 9 years but missed filing for AY as I was out of country. Can I still file returns for that year, please suggest. TDS has already been deducted and there is some refund amount for that particular year. Please let me know how to process the returns. Very nice article on a popular and required subject matter of discussion.
Thank you and Keep it up! If there is refund to the tax payer then after the due date he will not get the amount of interest.
Is the 5th point really true? Is there any Section as per the Act which says interest on refund will not be paid for belated returns? Thanks a lots for valuable information but i have one query last week i try to fill the ITR -1 in the Financial year but as per your article i fill the ITR but system not accepted the ITR please suggest and give best guidance.
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In order to submit a comment to this post, please write this code along with your comment: 52e46dbadbefcfadf4. User Menu. Income Tax Articles Featured. How many previous years Income Tax returns can be filed after due date? The following can be the consequences for filing belated return:- 1. If late return is filed then it cannot be revised 2. If loss is shown in the return then it cannot be carried forward 3.
If a tax liability arose to the taxpayer then an interest will be imposed 4. Five thousand rupees In any other case Ten thousand rupees Note: If the total income of the person does not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees. Replaced with Amendments. Name : Umesh Sharma. Member Since : 27 Jan Total Posts : Author of Popular Tax articles series based on Krishna and Arjuna conversation i. Changes in GST rates of various goods and services.
View More Published Posts. Overview of Transfer Pricing. No addition on account of capitalization of royalty expenses as same is revenue in nature. Rental income from sub-lease shall be considered as Business Income since same was business of assessee.
October 7, at pm. August 18, at pm. Click here Consolidated instructions on compassionate appointment-Replacement of Para regarding. Click here Reminder-data collection on pending compassionate appointment applications-reg. Chairman's Desk. Taxpayer Assistance. GST Common Portal. Indian AEO Programme.
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