NRI filing IT returns as Resident Indian for several years
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2011
NRI filing IT returns as Resident Indian for several years
1. consequences
2. how this will be treated
3. legal action from authorites
4. penalty
5. how this can be sorted out
1. consequences
2. how this will be treated
3. legal action from authorites
4. penalty
5. how this can be sorted out
09 February 2011
1. Prosecution can be initiated u/s.277 of the Income tax Act,1961.
2. Returns not barred by time may be revised at the earliest.
2. Returns not barred by time may be revised at the earliest.
Guest
Guest
(Expert)
09 February 2011
It is the matter of evasion of tax too and therefore, revise latest one or two returns if possible to be revised. Apart from prosecution , there will be proceeding u/s 148 and you may be suffer penalty and prosecution.
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