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.

[Ravikumar muthusamy]

IT for AY2017-18 cant be filed after 31st march 2018 Once IT issued notice to file rtn with penalty then only we can file return

AI Summary

Income tax return filing deadline bars late filings absent departmental notice; notice permits late filing with penalty.
Taxpayers cannot file the income-tax return after the statutory filing deadline except where the tax department issues a formal notice to file; upon such a notice the taxpayer may file the return subject to penalty.