07 January 2012
I had purchased immoveable property of of high value and fails to disclose the same in my annual return in Schedule-AIR of ITR-2 and the same mistake i committed since last 3-4 years continually.
Kindly let me know the consequences of the same and also suggest remedy available.
Now department caught my all records. Altough i had never booked any income being all transactions were of purchase not of sale.
CAclubindia
