Time limit for filing belated income tax returns u/s 139(4) reduced by one assessment year-Budget-2016-17. Amendment applicable from AY 2017-18 onwards
Time Limit for Filing belated return for AY 2016-17 is 31-03-2018
On the subject of last date for filing a valid return of income for AY 2016-17, there is a wide spread confusion in public which is aggravated by misleading social media messages which state that the last date for filing belated ITR for AY 2016-17 is 31st March, 2017.Â
Kindly note that the amendment made by the Finance Act, 2017 is applicable from assessment year 2017-2018 and the due date for filing bleated ITR for AY 2016-17 is up to 31st March, 2018.
Even the incometax efiling website for removal of doubts, has posted the following message under update sectionÂ
Amendment in time limit for filing belated return from AY 2017-18
In order to rationalise the time allowed for filing of returns, completion of proceedings, and realization of revenue without undue compliance burden on the taxpayer, and to promote the culture of compliance, The Budget 2016-17 has proposed to amend section 139(4) of the Income Tax Act, 1961 as under:
| Existing Provisions | Proposed Amendments |
|
Existing provision of sub-section (4) of section 139 deals with belated returns and provides that a person who has not furnished a return within the time allowed to him under sub-section (1), or within the time allowed under a notice issued under sub-section (1) of section 142, may furnish the return for any previous year at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. In other word a belated income tax return for FY 2015-16 (AY 2016-17) can be filed up to 31-03-2018 or before the completion of assessment whichever is earlier |
It is also proposed to substitute sub-section (4) of the section 139 to provide that any person who has not furnished a return within the time allowed to him under sub-section (1), may furnish the return for any previous year at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. Â |
| Implications: As per amended provisions the time limit for filing belated return has been drastically reduced by one assessment year subject to completion of assessment. In other word a belated income tax return for FY 2016-17 (AY 2017-18) can be now filed only up to 31-03-2018 or before the completion of assessment whichever is earlier | |
The proposed amendment will take effect from 1st day of April, 2017 and will, accordingly apply in relation to assessment year 2017-2018 and subsequent years.
 reduced by one assessment year-Budget-201617){kind=link}
Sir,
I want to file business or salary return for AY 2017-18, time limit of belated return is over that i knew but still i want to file return. How can i file the ITR ? Is there any ways to file the return for A Y 2017-18 ?
Can I file nil tax return for fy 2015-16 and 2016-17 for ay 2018-19
itr filing now closed for fy 2015-16 and 2016-17
no
Dear Sir,
If a person has not filed the return for A,y 2017-18 on or before 31st march 2018 due to his books of accounts and other records not avialable with the assesee. reasonbeing the company are lock out due to NPA of Accounts.
in such a case, how is file the return.
as per section 139 (4) – belated rerturn time is over – now he can not file ? so what is option available to him to file the return .
1. recourse to section 119(2)(b) if it involves claiming any deductions or benefits
otherwise,
2. file the return if and when asked by the ITD and explain the reasons if any adverse proceedings are initiated
I submitted my it IT refutn for AY.17.18 after 31.3.2018 what can I do My case is audited.
be ready with a reasonable cause for the failure with the meaning of section 273B
CAN I FILE BELATED ITR FOR FY2014-15 (AY2015-16)
No
LAST DATE FOR SUBMIT ITR WITHOUT TAX LIABILITES FOR THE A.Y 2017-18,2016-17
Sir Plz tell me section for filling of ITR of Ay 2016-2017 now
139(4)
Can i filed itr for fy 2014-15 now ..if yes so pls tell me last date
No, you can not.
I know time limit for filing return of FY 14-15 expired. Is any other way to file return of F.Y 2014-15?
the grievance team sorted the issue. I was selecting the wrong filing type in A22 input box. correct type is 139(4) – belated return. i was filing as 139(1). just incase anyone still has this issue…
When I tried to submit AY2016-17 today, I was not able to submit – It says the end date to file ITR is over. Can i submit online. I’m a NRI
send a paper return by registered post to your Assessing officer at the income tax department stating that problem faced in e-filing the ITR with a screenshot
thanks Tanu. I’ve submitted a grievance in the filing website. Unfortunately the tax advisory service I took from a consultant mentioned it could be because i filed 2017-18 first before submitting the 2016-17. They asked me to wait till I get a notice and then act
Hi,
I was filling for the AY2016-2017, but incometax site not allowing me to file online. Please let me know the alternate to file for AY 2016-17.
Regards,
Krishna
sir can i file my return AY 2015-16 FY 2014-15 in section 139 (4)
Can i file Belated ITR for AY 2015-16 till 31st July-17?
whether we can file revised return for making correction in case of late return filed and 143(1) intimation received
I was not filed AY 2014-2015. Please suggest me how to file now ?
I was not filed previous year return i.e. F.Y. 2015-16 and A.Y. 2016-17. Can I file now? Can I filed refund for the same? and what is the amount of penalty for the beleated return. further in which section I filed my return for belated year.
Sir, I filed the itr fy 2015-16. But by mistake I have filed under sec 139(4) after due date. How to correct before due date sec 139(1)
in my itr and itr has been submitted .plz me suggest?
did u file it within time u/s 139(1)? If so, you can revise it.
Sir please suggest me about what time a Nil tax payer can file his Return for AY 17-18 and for AY 16-17 without Penalty.
Sir,
Can i file ITR for financial 2015 -16 on 15 july 2017..
Yes
Can i file it return of py(15-16) in assement year (17-18).
Please guid me till what date…?
sir, please advise if i can file ITR for AY 15-16 now i.e. jun’17 and what would be the penalty.
No you can not anyhow forget about the penalty. however you can file a petition u/s 119(2)(b) in a case of genuine hardship where stakes are high
This is not true. When I tried to submit AY2015-16 today, I was not able to submit – It says the end date to file ITR is over. What to do now?
sir,
is there any news that for AY-17-18, IF we file return after due date i,e 31 july 2017, then penelty will be imposed on belated returns till 31-3-18,,???
Please note that the provision for penalty of Rs. 5000/- on belated ITRS already exist
Dear Sir, ‘
As I am trying to file a tax for year 2015-16 AY 2016-17, there is message encoutering that “you can not submit as time limit over” while submitting. kindly guide in this issue.
Pls email the screenshot of the message to info@abcaus.in
@admin I am getting the same error on efiling. Kindly suggest can we still file the itr for AY 16-17??
now, can i file ITR V AY 2015-16 after the due date . how to file the this return ? if any
No. you can not.
Can i revised belated return for ay 16-17? Filling date of orginal return is 19march 2017.please advice me.
No. Belated ITRs can be revised from AY 2017-18 only.
Sir,
Can i file ITR for AY 16-17 after march 2017?what is the last date for filing ITR of FY 15-16?
yes it can be filed up to Mar-2018
Sir please let me know the due date of income tax return filling for AY 2016-17 that is FY 2015-16. Is it 31st March 2017. Or can I filed after march also please let me know sir it’s urgent because many of says that 31st march 2017 is last date for AY 2016-17.
pls see the previous reply to the post.
will we can file the income tax returns for the a.y. 2016-17 after march 2017 also
please note that amendment to section 139(4) applies in relation to assessment year 2017-2018 and subsequent years only. In your case it can be furnished
at any time before Mar-2018 or before the completion of the assessment, whichever is earlier.
whether belated return furnish if person not furnish return within time allowed in notice under section 142(1) from AY 2017-18.
yes, if the time allowed by section 139(4) has not expired.
i want to file last year return it means fy 2015-16 the return is nill weather penalty will be charge or not please tell me.
You can file it up to 31/03/2017 without any penalty.
CAN I FILE MY INCOME TAX RETURNS FOR F.Y.2014-15 (A.Y.2015-16) IN THE YEAR APRIL 16 TO MARCH 17 ? U/S.139 (4)
Yes. Amendment applies from AY 2017-18 only