Cash deposit from a doctor
This query is : Open
15 November 2016
I am a general physician practicing for almost 20 years. I have never filed the returns except last year with 5 lac as income. Can I now deposit 50 lacs now and file return accordingly for the current year. What questions may come and how to manage them
15 November 2016
As a general physician practicing for 20 years you might have earned taxable income for all these years but not paid the tax and filed the return.
Your last year income of 5 lacs reported can't jump to 50 lacs this year. The dept will not accept any explanation from you for this higher declaration.
Your last year income of 5 lacs reported can't jump to 50 lacs this year. The dept will not accept any explanation from you for this higher declaration.
15 November 2016
What about if I correct that for last 2 years also and put that accordingly in 3 years?
15 November 2016
What about if I correct last 2 years tax return and put that as 3 year income ?
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