Guys,
what will happen if i don't pay taxes. I am a freelancer earned income upto 5 lakhs last year.
This is my first time filling tax, will there be any problem if i don't fill tax?
Menu
What will happen if i don't pay tax
Replies (3)
Whether any of your tds has been deducted during the previous financial year?
You are supposed to pay tax and file IT return. If you don't then you might get notice from income tax department after which you will not only gave to pay your tax with interest but also pay penalties for the same .
Hi Manu,
Yes you have to file Tax returns reason-
First of all they woruld have deducted TDS on your Income and if you dont file returns, Income tax department will trace you and later you have to pay more interest on it..
You can also get notice from department for non filing return, notice for concealment of Income.
If your TDS are deducted more and you have to claim refund.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
