Can I file ITR for AY 2016/17 now?

Can I file ITR for AY 2016/17 now?

According to the Finance Act 1987 amendment, you can file your belated IT return anytime on or before 1 year from the end of the relevant Assessment Year (AY). Example, for the AY 2016-17, the timeline to file a belated return was on or before 31 March 2018.

Can I file return for FY 2017/18 now?

If you want to file income tax returns for the financial year 2017-18, the last date for filing the belated ITR has already passed on 31 March 2019. For the financial year 2018-19, the last date for filing your belated return with penalty has also passed on 31 March 2020.

What is the last date for filing FY 2017-18?

Last Chance to File Income Tax return for FY 17-18 – ONLY 7 DAYS LEFT. The deadline to file Income tax returns for the Financial Year 2017-18 (Assessment year 2018-19) without any penalty was of July 31, 2018, which was later extended by one month to August 31, 2018.

What is the deadline for 2016 taxes?

If they do not file a tax return within three years, the money becomes the property of the U.S. Treasury. For 2016 tax returns, the window closes July 15, 2020, for most taxpayers. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked by the July 15 date.

Can I file 2017 taxes now?

You can still file 2017 tax returns Even though the deadline has passed, you can file your 2017 taxes online in a few simple steps. Our online income tax software uses the 2017 IRS tax code, calculations, and forms. File late taxes today with our Maximum Refund Guarantee.

What is the due date for tax filing FY 2016/17 AY 2017 18?

31st July 2017
Due date of filing of Income-tax returns:

What is assessment year?

What is Assessment Year? The assessment year (AY) is the year that comes after the FY. This is the time in which the income earned during FY is assessed and taxed. Both FY and AY start on 1 April and end on 31 March. For instance, FY 2019-20 and AY 2020-21 are one and the same.

When to file tax return for FY 2016-17?

Up to assessment year fy 2016-17 a belated return can be filed within one year from the end of the relevant assessment year or before completion of assessment, whichever is earlier. For financial year 2015-16 (assessment year 2016-17) , belated return can be filed only up to 31.03.2018.

When is the last day to file income tax return?

For example, if you have had an income between 1st April 2015 and 31 March 2016, then 2015-16 will be referred to as FY. Assessment Year (AY) is the year in which you file returns i.e., 2016-17. The last date to file returns for the financial year 2015-2016 is July 31st 2016.

Which is the ITR form for 2016-17 assessment year?

ITR-4S Sugam form for Assessment Year 2016-17 : ITR4S form can be filed by an Individual or Hindu Undivided Family (HUF). From this Assessment Year, this form can also be used by Firms other than Limited Liability Firms. This form can be filed if you have; Click here to download ITR4S AY 2016-17 Form.

When do I have to revise my income tax return?

Revised return {section 139 (5)} : Return Filed with in due date can be revised any time before completion of assessment subject to maximum by the expiry of one year from the end of the relevant assessment year. For Financial year 2015-16,if return is filed with in due date then it can be revised by 31.03.2018.