My mother has received Family Pension of Rs 35000 per month from 2011 to 2016 but was not aware of the tax implications on it, therefore she never filled ITR of any of the FY.
Now the Income Tax department has issued notice u/s 148 and told her to file return for AY 2012-13.
My Queries is:
1. How much tax she has to pay now along with penalty (if only pension amount is considered) for AY 2012-13.
.
Dear Palwinder,
Firstly you have to make computation for every financial year since 2011 to 2018. you have to present against income tax proceeding in support computation of income and have to verify income tax and interest calculation from assessing officer.
Further, he will guide you.
Regards,
Naveen Singh
9716822331
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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R P S K & Associates
Nashik
CA Inter
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