Non-filing of itr

This query is : Resolved

Yadesh Prasad (Querist)
Follow

03 July 2013 If a person has not filed his return of income for many 5-6 consecutive years...is he liable for any penalty if during the said period was non-taxable.if the same assesse wants to file his return in the current assessment year can he do so? Please Suggest

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

07 July 2013 If the income not covered under taxable, then filing not mandatory, but you can file the Incometax return for last 2 assessment years only

Message likes : 1 times

Yadesh Prasad

Yadesh Prasad (Querist)
Follow

09 July 2013 thank you very much sir....

Upgrade to CAclubindia Pro. Subscribe Now!