individual file returns

individual file returns
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  • when an individual have to file his returns for financial year 2017-18 .
  • individual have to file his return by 31st of july 2018.
  • if he fails to file the return by 31st july , what happens .
  • if he fails to do so,he has to pay penalty for that . if file his returns before 31st December then he has to pay 5000. suppose  if he file after 31st December then he has to pay 10000. if your income is not more than 5laks , then maximum penalty lived will be 1000.
  • if an individual are eligible to carry forward  his losses of previous financial year , in the case if he didn't file his return on the due date .   
  • No, he cannot carry forward his losses if he fails to file his return on the due date 
  • can i revise my return if i did any mistakes
  • ya , you can revise your returns by 31st march 2018
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