Income Tax Returns for 2014-15
I have not filed the returns for the current year. Is is possible to file it now and pay the taxes along with penalty / intrest.
Yes it is possible to file it now. While filing you have to select option "After due date" and pay tax along with interest and file the return.
Yes the ITR can be filed after due date also as per section 139(4) of the IT Act 1961. This can be filed before the completion of 1 year from the end of the relevant assessment year. This is called as a belated return.