Not filing

Dear Sir
I worked in a private Steel manufacture companies from 1996 to 2012. Salary were good but no parmanant job, I worked in all States after fedup I left job and settled in my native doing agriculture in my ancient land. During 1996 to 2012 I didn't file ITR, and I started filing since 2014 but I told tax consultant to file all above years but he told only 3 years is possible so that I filed since 2014 till continue but now IT department sent notice and imposed huge penalties due to Bank transactions, even I closed many bank accounts because regular job change, so I want know how can I save from huge penalties. kindly give me good suggestion.
thanku sir
Replies (1)

Hire a tax consultant, for justification of the Bank deposits, so that the tax liability with penalties can be reduced.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Follow