Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Income from house property and income from interest(urgent)

This query is : Resolved

Share Report Follow Query Ask a Query

Krishan Kumar Goyal

Krishan Kumar Goyal (Querist)
Follow

04 March 2014 Dear Sir,

I have filed my income tax return for the a.y. 2011-2012 as on date 31 july i had not shown exempt income from gapital gain in return and some interest part of income in return so please tell me any penalty may be arise by the income tax department.

Thanks in advance
K K Goel

CA Hardik Bunha

CA Hardik Bunha (Expert)
Follow

04 March 2014 yes, if in scrutiny AO finds that capital gain EXEMPT and interest not shown on ROI then AO will deemed your return is invalid return and impose penalty as he thinks fit.

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

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member SUBHASH SAHA

SUBHASH SAHA

Pro Member Krishna seva das

Krishna seva das

Pro Member DSK TMC

DSK TMC

Pro Member Sanjeev Kumar Manchanda

Sanjeev Kumar Manchanda

Pro Member Dataram Madgaokar

Dataram Madgaokar

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

10 June 2026

Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details

22 May 2026

Audit assistant

Displayandbeyond

Mumbai

CA

View Details

Featured 26 May 2026

Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

ARTICLESHIP 09 June 2026

Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

22 May 2026

U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details

21 May 2026

Associate

PWC

Kolkata

CA

View Details