Penalty for concealment of income

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pankaj (Querist)
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30 July 2012 Good Eve Sir,

Sir, would you please tell me Any tax planning for the Salaried Employee.
If the income mentioned in FORM 16 vary with the income shown in the ROI then what consequences will have to be
faced by the Assessee.
And whether in the above case penalty for concealment of income attracted.

Thank you
Very Much

Amol S Joglekar

Amol S Joglekar (Expert)
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02 August 2012 Salaried people have a COMPLAINT against BUSIsNESSMAN. That whatever they get is on paper and they can do very little in it. This has resulted in a cold war against salaried people. It is definitely a concealment of income. Please show me a salaried person showing interest earned on savings bank salary account as income from other sources.

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