File Income Tax Return (ITR) for Previous Years

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Hiral Vakil

Belated ITR
ITR Due Date
Section 234A
Section 234B
Section 234C
Section 234F

Income Tax Return (ITR) can be filed even after the due date. Any return filed after the due date is considered as a belated return. Earlier a belated return could be filed on or before 1 year from the end of the relevant assessment year. But from FY 2016-17 (AY 2017-18) onwards you can file the belated ITR before the end of the relevant assessment year. Let’s take an example to understand how you can file the ITR for the previous years:

Anjali has not filed her return for FY 2016-17 and FY 2017-18 the before the due date. During FY 2018-19, she wishes to file a return for both previous years. In this case, she can only file the return for FY 2017-18 before 31st March 2019.  

Financial Year

Due Date

Belated Return Due date

2016-17

31/07/2017

31/03/2018

2017-18

31/08/2018

31/03/2019

2018-19

31/07/2019

31/03/2020

ITR for Salaried Individuals
CA Assisted Income Tax Return filing for individuals having salary, one house property & income from other sources.
[Rated 4.8 stars by customers like you]
ITR for Salaried Individuals
CA Assisted Income Tax Return filing for individuals having salary, one house property & income from other sources.
[Rated 4.8 stars by customers like you]

Consequences of late filing of the ITR

If you do not file the ITR within the given time duration, then you will be face the following consequences:

Documents required for Income Tax Return filing in India
Here are the list of documents required to file ITR
Read More
Documents required for Income Tax Return filing in India
Here are the list of documents required to file ITR
Read More

File ITR for Previous Years if you have received notice from the Income Tax Department

If you receive a notice for filing ITR from the IT Department, you can file the return for that financial year within the time mentioned in that notice.  For any further assistance, you can connect with Quicko.

FAQs

What are the documents needed to file ITR?

Following are some of the general documents required to file ITR:

1. Adhaar
2. PAN
3. Bank account details
4. TDS Certificate (Form 16, Form 16A, Form 26AS)
5. Tax payment challan (Self-assessment tax or Advance tax)
6. Original notice (In case of refiling the ITR)

Who is eligible to file ITR?

All PAN holders should ideally file their ITR. However, If your income is more than rupees 2.5 lakh p.a then you are mandatorily eligible to file your ITR.

What happens if I delay filing my ITR?

First of all, If your income falls under the taxable bracket you have to file your ITR without fail. Secondly, If you missed the deadline to file the ITR you can still file it but you may attract penalties. Moreover, If you don’t pay your taxes on time then if you are claiming any refunds they will get delayed. You will get lesser time to revise your ITR. and Lastly, You will have to pay interest on the taxable amount if you delay filing your ITR.

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