sir what will be happen if we not file itr with in a assessment year ? can we escape from penalty ?
Menu
Income tax
Replies (2)
Hi,
Income Tax Department may issue a notice to file the same if they believes your income exceeds taxable limit and you were liable to file.
Penalty shall be applicable.
Thanks,
Shobhit
if your income exceeds taxable limit, then you must file your return otherwise dept. may take appropriate actions for recovery of taxes due.
Recent Topics :
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
Related Topics :
CAclubindia
