banner_ad

Two form 16

Tax queries 645 views 1 replies

Hello Guys,

I know i am doing wrong thing but still want to take your opinion on consequences, i had worked with Company A with xxxxx income and resigned joined company B for YYYYY income, because of this now my aggregate income tax that i need to Payback is Rs 62K with Interest (around 3K) which i need to pay by this month end, the advisor who prepared this told me i can only file return for company B only and thus reducing Tax liability

Can tax experts help me whether is a good Idea? And what will be the consequences

Thank you

Raghu

 

Replies (1)

In short, your advisor is asking you to reduce tax liability by concealment of income. Be ready for paying interest and penalty upto 300% of tax if notice is served. Also if you need to take a loan in the future, this would reduce the amount that you would be able to avail.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details