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Mihir Tanna |1062 Answers |Ask -Follow

Tax Expert - Answered on May 02, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more

Question by Vikas on Apr 29, 2023Hindi

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Hi, since 2019-20 I didn't fill my ITR. How can I do it now? Please guide.

Ans: For FY 2020-21 updated return can be filed after paying 50% of additional tax and interest (if applicable) + Late filing Fees and For FY 2021-22 updated return can be filed after paying 25% of additional tax and interest (if applicable) + Late filing Fees.

Updated return can not be filed for claiming loss or refund.

In case of genuine hardship in filing ITR, condonation application can be filed with the Pr.Commissioner of Income Tax/Pr.Chief Commissioner of Income Tax/CBDT (depending on claim of refund/loss) for last 6 years.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Question by Shwetank - Aug 27, 2021Hindi

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I was working from June 2010-September 2017. In this period, I have filed ITR. But, in September 2017, I have left my job and am pursuing studies now. Since I didn't have a job since Sep 2017, I didn't file ITR. Is it fine or I am missing something regarding ITR? Please guide.

Ans: You do not need to file a return if your income is below the taxable limit.

However, since you were working in the past, it is recommended to file a 'NIL' income return/file a return for whatever income you receive including interest from deposits if you plan to start working again.

This will help you maintain a record for these years and avoid any notices from the department to file your returns.

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Mihir Tanna |1062 Answers |Ask -Follow

Tax Expert - Answered on Apr 01, 2023