Non filers of itr
This query is : Resolved
10 October 2013
now a days deptt is issuing some notices to non filers of itr how to deal with them. will depp impose penalty for non filling of itrs in case where assessee had taxable income but did not filed itrs timely. will deptt issue notices us 142 or 147 for assessment and will penalty be imposed of concealment.
10 October 2013
If there is a unpaid tax liability, penalties will follow. whether they use 142 or 147, is their discretion. As of now, they have just sent notice for non-filing. Next steps have not yet actualized.
12 October 2013
You are correctly thinking. First non filers will be allowed to file return then notices for penalty and concealment. Those who have already paid taxes then they are saving interest but what about penalty how they can get rid of it is a big question.
17 October 2013
Agreed with above suggestion.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- SFT Cash Deposit in Current Account
- Multiple trade mark
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
