How long does it take to file income tax return?

A tax payer can make a request to condone the delay in filing of return within six years from the end of the assessment year in respect of which the return is to be filed.

When do I get my income tax refund?

So effectively in case of claim for income tax refund, you get an extension of five years only as presently also you can file your income tax return for refund one year after end of the assessment year. So now you can make an application for condonation of delay for any financial year ending 31-03-2009 or thereafter.

When do you get an extension for income tax refund?

So effectively in case of claim for income tax refund, you get an extension of five years only as presently also you can file your income tax return for refund one year after end of the assessment year.

Do you quote assessment year on tax return?

Taxpayers should quote the Assessment Year while filing for an Income Tax Return. As said earlier, the income obtained in a Financial Year is evaluated and taxed in Assessment Year. The income that has been earned in a Financial Year cannot be taxed until it is earned.

Can you file past years income tax returns?

Filing Past Years Income Tax Returns. Individuals can file returns for the previous years. This can only be done for the two years preceding the current financial year for which the returns have to be filed. Taxpayers are provided a two year period during which returns can be filed.

When do you have to file tax return for refund?

Claim your Income Tax Refund for six years. You are required to file your income tax return in case your gross total income exceeds the amount of the basic exemption limit. You can file your return of income for claiming refund of taxes even if your income does not exceed the exemption limit due to TDS or payment of advance taxes .