Hi
What will be the consequences if ITR1 is not filed by an assessee.
Regards
CMA Ramesh Krishnan
(Cost & Management Accountant)
(71464 Points)
Replied 03 August 2012
It depends upon the taxable staus of the assessee
B
(Engin)
(205 Points)
Replied 14 August 2012
Ramesh What can be the consequences if it is found that the assessee needs to pay Tax?
Taxguy
(Consultant)
(3383 Points)
Replied 22 August 2012
He can be prosecuted, if he is not able to give prudent reasons for the non compliance of law.
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