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Penalty for late filling of IT returns for nil income


vinayak (accountant)     27 December 2020

vinayak
accountant 
 4 likes  250 points

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I am housewife having only income of bank interest for Assessment Year 2018-19 & 2019-20 & 2020-21. I have last filed 5000 income return for Assessment Year 2017-18. Can i file now returns for last 3 Assessment Year showing bank interest income  in Dec 2020. Will i have to pay any penalty for late filling of IT returns for Assessment Year 2018-19 & 2019-20 .

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JATINDER KUMAR (Accountant)     27 December 2020

JATINDER KUMAR
Accountant 
 258 likes  3610 points

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You can file ITR only FY 2019-20

Last date is 31.12.2020

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vinayak (accountant)     27 December 2020

vinayak
accountant 
 4 likes  250 points

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Is it ok if i skip last two a.y it returns...will i get notice for skipping these two a.y. what will be impact of this on my it returns in future? I am housewife having only income of bank interest.


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