I have not filed ITR for Fiscal Year 2011-2012 and my income was substantial. Can I file a late ITR with penalty or require to furnish details of income under "Income Declaration Scheme" and pay 49% of income as penalty?
Wae Jing Lonthaw (Others) (341 Points)
19 January 2017I have not filed ITR for Fiscal Year 2011-2012 and my income was substantial. Can I file a late ITR with penalty or require to furnish details of income under "Income Declaration Scheme" and pay 49% of income as penalty?
CA Reshma K N
(CHARTERED ACCOUNTANT)
(96 Points)
Replied 19 January 2017
Hi,
Share your contact details or send a test mail to reshucakn @ outlook.com
Will guide you about the available options.
CAclubindia
