I am seeking guidance for a professional (case study) who is an Indian citizen residing in India.
- Situation: Has not filed ITR for the last 15 years.
- Income Source: Purely corporate salary; no other sources of income.
- Tax Status: 100% of taxes were deducted at source (TDS) and PF was contributed throughout.
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Goal: Wants to regularize the status without attracting unnecessary penalties or legal trouble.
Specific Questions:
- Given that the tax is already with the government, what is the actual risk of a notice?
- Is a "Condonation of Delay" application viable for a gap this large?
- Would you suggest filing the last 2 years via ITR-U and starting fresh, or attempting to resolve the entire 15-year block?
- Are there any creative legal representations a tax advocate could make to the department to close this gap?
CAclubindia
