I T RETURN A.Y.2017-18(F.Y.2016-17)

[TM ARJUN]

WHAT ABOUT THE INCOME TAX PAYER, WHO ARE LIABLE TO PAY INCOME TAX, FOR F Y 2016-17( A Y 2017-18 ),

CAN THEY FILE THEIR I T RETURN IN FUTURE OR SHOULD WAIT THE TAX PAYER TILL THE NOTICE RECEIVED FROM I T O. SOME PERSONS RECEIVED NOTICE TO FILE RETURN FOR A.Y.2017-18 FROM I T O AT END OF DEADLINE 31-3-2018.

PLEASE ANSWER ANY MEMBER.

AI Summary

Taxpayers cannot file returns for AY 2017-18 after March 31, 2018, unless notified by the Income Tax Office. A discussion forum post raised a query about whether taxpayers liable for income tax for the financial year 2016-17 (assessment year 2017-18) can file their returns after the deadline or should wait for a notice from the Income Tax Office. A response clarified that returns for AY 2017-18 cannot be filed after March 31, 2018, unless a notice is issued by the Income Tax Office, allowing filing with a penalty.