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About the penalty

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27 September 2012 what are the consequenses of non filing og return of tax audit?& if penalty will charge then how can we avoid it?
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CA. Vikash Dwivedi

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CA. Vikash Dwivedi (Expert)
27 September 2012 non filing of return is not limited to penality it has much more than that depends on the income concealed.

concealment of income u/s 148 or even search procedures u/s 131 may be initiated.

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