banner_ad

What will happen if i don't pay tax

Tax queries 470 views 3 replies

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?

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.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details