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Vishal

How to file return of earlier years...
I had received cash gift(say 10 lakhs) from my father in 2015.I got my pan no. in 2017.In that case i cant file itr for 2015(income for 2015 was below min. taxable limit i.e;<2,00,000).Thus what should i do??Just maintain the record in my balance sheet and C/f.Or any other solution?(Can i file itr f...
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Amlan Dutta
Any sum received by relative as covered under Section 56(2) of Income Tax Act,1961 is exempt ...Here, father is covered in the definition of relative and so these income is exempt ...if this was your only source of income, then it being exempt and gross total income falling below threshold , you ar...
  • August 19, 2018
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akash

How to file return of earlier years...
is it possible to file return of financial year of 2016-17. even after paying penalty ..thanks in advance
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Amlan Dutta
No, you can not file under normal process .. if there was genuine hardship which prevented you from filing the return, you can request your assessing officer for condonation for delay in filing citing the hardship ...if he agrees to condone the delay, only then you can file belated return using s...
No,  you can not file under normal process .. if there was genuine hardship which prevented you from filing the return, you can request your assessing officer for condonation  for delay in filing citing the hardship  ...if he agrees to condone the delay, only then you can file belated return using section 139 with 119(2)(b)...check attached picture.
  • July 4, 2018
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Amlan Dutta
Also, next time, please be careful to select question category properly to avoid your entry getting deleted from my website
Until you select category properly, i will also not be answering any further questions
  • July 8, 2018
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