Query on ITR Filing

I joined TCS at the end of 2021. Till now, I didn't file ITR for any of the financial year as my salary is less than 7LPA. Could anyone please explain me whether I need to raise ITR Or not?

22mo ago

ZippyPancake

TCS

22mo

You have to pay 5000penalty for late itr filing.

GoofyLlama

TCS

22mo

You can start filing with this year, ignore the previous years, if it is required essentially then only give 5000 for your previous years form16.

WigglyMochi

TCS

22mo

You should always file the itr as it is a good practice even if there is no tax. Secondly if you want to take loan then banks may ask latest 3 year filings