21 April 2015
sir,
I am civil conractor. I have not filed assessment year 2011-2012 ITR and total turnover is 1,62,96,327. So , now can I filed that return and what will be the penalty for that?
21 April 2015
To file the return in time is the duty of every civilian. . There may be multiple penalties in your case for- 1.Escapement of Income 2. Non Filing of Return 3. Not getting Tax Audit Report etc. . TDS record must be showing tax credit in your Form 26AS. It is advisable to contact a CA to handle your case properly. .
CAclubindia
