one of I.t. return non filing person source of income as a small money lending business.person recently rs.12 lacs value site purchases in f.y. 2019-2020.
my doubt:
Assess How many years I.t. returns filed.
as you wish, you have to assess the Returned Income 12 lakhs for the year 2019-20 by assessed as Income and pay tax to that extent is first choise
or as earlier year IT return may be filed for one year to share the Income of which to pay tax
CAclubindia
