For FY 13-14 ie AY14-15 . I earned 428000 of which 19200 was paid as TDS. At the time I did not file any return assuming I had no tax liability . But later I realized I have to pay another 2800. I am a student who usually makes bellow the income tax bracket so I haven't filed any returns. As I understand I cannot correct this as returns can be filed only upto previous 2 years. I haven't recieved any notice.How can I pay now and what would be the penalty? Will it cause any problem later on if ignored?
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Paid less tax for ay2014-15
Replies (4)
" Will it cause any problem later on if ignored?"
Either be ready for any consequences; or pay (even now) any such difference of amount for that particular Assessment year (if your conscious bites)
| Originally posted by : Dhirajlal Rambhia | ||
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" Will it cause any problem later on if ignored?" Either be ready for any consequences; or pay (even now) any such difference of amount for that particular Assessment year (if your conscious bites) |
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Its not that I don't want to pay but is there a process to file return 3 years late?
Payment of tax and filing return are independent of each other!!!
tax can even be paid now with interest payable
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