Filing of return

This query is : Open

MR. B (Querist)
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22 April 2015 Y RETURN FILE IS NOT COMPULSORY FOR THOSE WHOS INCOME NOT EXCEED BASIC EXEMPTION LIMIT (SPECIALLY FOR BUSINESS MAN )

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 1. Whats the benefit from these if its made compulosry...!!!

2. One more question on law by miss B

MR. B

MR. B (Querist)
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22 April 2015 LET SAY ,
I'M BUSINESS MAN
MY GROSS RECEIPT SAY : 500000
EXPENSES : 400000

NET INCOME : 100000

SO ACCORDING TO LAW I'M LIABLE FOR FILING...

HOWEVER , THE FACT IS I CONCEALED MY RECEIPT BY 200000

NOW , SUPPOSE IF FILING OF RETURN IS COMPULSORY THEN I FILED WITH MY RECEIPT OF RS. 500000
THEREAFTER MY CASE MAY BE SUBJECTED TO SCRUTINITY BY COMPARAING INDUSTRIAL STANDARD

BESIDES THIS DEPARTMENT CAN KNOW MANY THING IF I FILED RETURN.

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CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 if filing of return is compulosry... dont u think stil people wil conceal things...!!!

MR. B

MR. B (Querist)
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22 April 2015 WE KNOW THAT IT CAN NOT BE DESTROYED BUT IT CAN BE DECREASED

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 no ways i dont think ... even before making these things compulory.. voting must b mandatory...

you can through things on others..... more or less these things wil create feeling of insecurity....!!!

MR. B

MR. B (Querist)
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22 April 2015 GENERALLY ASSESSEE ALWAYS FEAR OF INCOME TAX DEPARTMENT AS WE KNOW...

THEN Y NOT......

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 only assesee hiding things worries from it department... not everyone does so

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MR. B

MR. B (Querist)
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22 April 2015 DEPARTMENT ONLY CONCERN WITH REVENUE IMMETRIAL WHETHER IT IS SSC OR ............