Income for the purpose of Returns

This query is : Resolved 

14 August 2017 I didn't have any income during last two years. I have enough income during current year 2017-18. For the purpose of Car loan bank needs ITR for last 2/3 years. So, can I file ITR for the financial year 2016-17 with 4-5 lakh salary income (dummy) by paying tax on the same for the purpose of loan. Actually I don't have any income in 2016-17. Is there any legal consequences, if I show dummy income(but not black money)

14 August 2017 It is not advisable to show any dummy income

14 August 2017 What is your nature income...?
I mean if you file your return then which income is shown in return... If you show salary income then any scrutiny ll be received in future. What/Which documents you submitting to ITD...?


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details