Can I File an ITR for Assessment Year 2016-17 in 2020?

Often, individuals and businesses wonder whether they can file their income tax returns (ITR) for a specific assessment year (AY) beyond the standard deadline. While the general rule is no, certain exceptions may apply. This article explores various scenarios and conditions that might allow for such an extension.

General Rule: No, but with Specific Exceptions

Typically, it is not possible to file an ITR for an assessment year (AY) that has already passed after the regular filing period. However, depending on the specific circumstances and permissions granted, filing might still be possible.

Obtaining Approval from the Commissioner of Income Tax (CIT)

In cases where the individual wishes to file an ITR for an AY that is out of the normal filing window, they need to obtain approval from the Commissioner of Income Tax (CIT) in their jurisdiction. This process can be complicated and requires documentation to justify the need for a delayed filing.

When Filing Is Likely to Be Denied

Considering the general rule, it's crucial to understand when the ITR for a specific assessment year is most likely to be denied:

After the Filing Deadline Has Passed: Without any specific approval or special circumstances, the tax year has closed. Late Filing Without Extension: Unless granted a special extension, tax returns for a specific year are not accepted after the deadline.

Special Circumstances

There are certain scenarios where filing an ITR for a previous year might be permissible, provided the conditions are met:

Late Notice From the CBDT

If the Central Board of Direct Taxes (CBDT) requests you to file a return under certain circumstances for the assessment year in question, you should file according to the notice. The CBDT may condone late filing if you apply within a reasonable timeframe.

In Case of an Income Tax Raid

In situations where there is a pending tax raid or an issue related to a previous year's returns, you may have the right to file an ITR for the last six years. This can be done with the appropriate documentation and after consulting with tax professionals.

Conclusion

While it is generally not possible to file an ITR for an assessment year that has already passed, certain exceptional scenarios and permissions from the CIT can allow for filing. If you are in a situation where you need to file for an old assessment year, consult a tax professional to understand your options and the necessary procedures.