wealth tax
This query is : Resolved
24 March 2008
we observe since last 4 to 5 years no body is filing wealth tax returns in our region , now department is issuing notices for filing of returns, will you please guide me how to handle the problems of earlier year & current year wealth tax return if an assesse covered in filing criteria but not yet filed.
24 March 2008
file the return in lieu of notices.
& file the belated return
& file the belated return
25 March 2008
They can file belated returns and can file return on notice.but delayed returns they have to pay penalities.
25 March 2008
If Wealth is less than 15 Lakh. You can told them welath was less than 15 Lakh so we did not file return. On the other side if they send any notice you must reply as per notice
25 March 2008
Please convey my thanks to all who guided me about my quarry.
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