PAN Card, Never submit any Returns to the IT Dept

This query is : Resolved

K Satyanarayana (Querist)
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29 July 2010 I am a Junior Lawyer

I am practicing as an Advocate since 4 years, but I am doing Practice independently since 2 years, My family is Hindu Undivided Family, presently i am earning through Profession Rs. 3,000/- per month only. remaining my family members are earning each one Rs.5,000/- so my total annual income is 1,36,000/- only.

I have PAN Card since 2006

I never submit any returns to the Income Tax Department my income is not taxable income hence i never submit

My Queries are

1. Am I liable to any penalty
2. My Family Total income never reach Taxable income my brother also PAN Card he also never filed any returns to the IT Dept
3. Since 2006 I did not file any returns hence (never mind or any penalty)
4. What shall i do as a Lawyer i am doing profession, hence may i register Professional Tax Assesses.
5. I have no any idea about this Taxes
6. what shall i do as a Lawyer
7. if not file returns now is there any liability

Please suggest your valuable suggestions, i am waiting for replies. Thanks in Advance to all Experts.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 July 2010 no need to file return as your income is below exemption limit. No penalty will be levied.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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29 July 2010 mr. satyanarayana,

you have not need to file ITR in said case & department no penalty impose upon you.

Regards

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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29 July 2010 Since you are below the exemption limit & have never filed the ITR, you need not worry till the time you actually cross the exemption limit.

But once you start filing your ITR, it is advisable to file it regularly even if you have lesser income in any particular year.

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