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Query on Non Compliances of Tax Audit and IT Return Filing

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G RAKESH

Article Assistant

75 Points Posted on 13 November 2021

Hi,

One of Our Client (Doctor) done Tax Audit for the F.Y 2018-19.

in the F.Y. 2019-20 not done any Tax Audit despite having 2 Cr turnover and Filed ITR-1 as income shown as "Other Sources".

After filing of ITR-1, received defective Notice, due to not giving any reply it was closed and Return has been processed and received Rs. 26000/- as refund.

Now we can not file revise return and not received any notice till now.

Please suggest how can we escape or become Complaint from Liabilities ??

Replies (2)

Quick Summary

A doctor filed an incorrect tax return (ITR-1) for FY 2019-20, despite having a turnover of ₹2 crore and not conducting a required tax audit. After receiving a refund, they are now unable to file a revised return and are seeking advice on how to address this non-compliance and avoid future liabilities. Options include waiting for a scrutiny notice or proactively approaching the tax officer.

Janak Shah

357 Points Posted on 13 November 2021

Wait for scrutiny notice u/s 143(2) or reassessment notice u/s 148 and then disclose the correct income with interest and penalty. Or you can approach the AO with the letter stating the facts of the case and pursue him to reassess the case u/s 148