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Query on Non Compliances of Tax Audit and IT Return Filing

ITR 131 views 2 replies

G RAKESH

Article Assistant

78 Points Joined August 2012

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)

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