Return of Income
This query is : Resolved
23 November 2016
hi everyone .
If anyone wants to declare Income for AY 2015-16 and AY 2016-17
(As he can't file return for more than 2 years )
Say amount 500000 in each case. .
can he do so. .?
considering the provisions of the Income tax Act is there any penal provision.
(assess is not filed return from last 6 years )
23 November 2016
No penal provisions applicable file the return and pay the taxes.
23 November 2016
Sir is any consequences after filing of return like
Notice
23 November 2016
No notice will be issued. Only in case of deposit of old notes in excess of 2.50 lacs notice will be issued.
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