Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2014
I have query that i have received notice under section 148.for A.Y.2012-13.in A.Y.2012-13 there is undisclosed income of rs.3,00,000/- than which remedy available to me whether can i voluntary disclose this income addition to income disclosed in income tax return for A.Y.2012-13?? any penalty imposed on me?
Nikhil Kaushik
(Expert)
05 August 2014
once 148 is issued, where is the scope for voluntary disclosure!!!
penalty implications depend on the AO. It is always at his discretion
penalty implications depend on the AO. It is always at his discretion
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