Time for Filing Belated Return Reduced

Vide Finance Bill FM has reduced Time Limit for filing belated returns u/s 139(4) from 1 year from the end of the Assessment Year to end of the Assessment Year

For Example: –

For AY 2015-16 belated returns can be filed upto 31st March 2017 however

For AY 2016-17 belated returns can be filed upto 31st March 2017

Related Extract from Memorandum to Budget is as follows :-

It is  proposed to substitute sub-section (4) of the section 139 to provide that any person who has not furnished a return within the time allowed to him under sub-section (1), may furnish the return for any previous year at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.


Categories: Income Tax

View Comments (5)

  • After this amendment Whether return for F.Y. 2014-15 could be filed till 31.03.2017 or 31.03.2016

  • But the said provision is introduced wef 01/04/2017 hence , it will be applicable from AY 17-18 and returns for AY 16-17 can be filed upto 31/03/18.

    Any expert opinion???

    • But the amendment says the provisions will be effective from the Assessment Year beginning from 01.04.17 not FY beginning from 01.04.17. Hence it's confusing still. CAs are not taking risks asking their client to file return of FY 2015-16 before 31-03-17

  • last date for belated return for a.y 16 17 will be 31st march 2018.As the amendment in 139(4) w.e.f for a.y 17 18 & clarification regarding this issue is also provided on faqs on incometax site .



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