Tax dilemma/query

Tax queries 184 views 4 replies

Sayuj

Other

3 Points Joined June 2017

I am working in a Government agency.I have never filed income tax return as my income is less than 2.5 Lakhs per annum which is as stipend. I have not furnished my PAN Card details in the Govt office.Since April I am working in a private centre part time which is not declared to my Govt employer (sort of off the grid). In the private set up,I am paid as cheque and I have given my PAN number to them. I expect my private sector income to be less than 2.5 Lakhs. No TDS is collected from the private setup.

Now my queries are -

1.If my private income is less than 2.5 lakhs should I file income tax statement

2.How exactly is income tax depatment notified about my private income.Does it automatically reach them?

3. Can anybody/IT inspectors see my private income if they query my pancard details in the income tax network?

4.If by any chance my income is more than 2.5 lakhs,with TDS not collected, will I get a notice from IT Dept for filing returns?

Sorry for the long question. Hope you all get what I am trying to convey.

Thank You

Replies (4)

Preeti (Team_GSTSoln)

Team GST Experts

1926 Points Joined April 2011

dear sandeep, just file the income tax return, y are u getting panic with all these stuff as a salary person, only 5% - arrount rs 10000/- would be your tax liability in this case.& now the income tax system has become so strong they are giving notices to non filers on basis of third party information. many of my clients as u have already received that.so better to show.

Sayuj

Other

3 Points Joined June 2017

Thank you for the reply. It is not the amount or the unwillingness to pay tax. Rather the problem is that it is Off grid.I cant legally work in a part time eventhough I am paid a pittance in the Govt Project.

rocky

accountant

953 Points Joined January 2014

1)every person who is having PAN
should file return
2) your employer has to furnish details of salary paid in their tax audit report with your name ., salary and PAN
3) it inspectors can get details of your bank transactions
4) you have PAN and not filling return. so you may get notice
you should surrender your pAN to avoid notice