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Consequences of declaring turnover in ITR and Benefits of declaring proper Income?

chethan poojary (10 Points)

07 June 2022

Consequences of declaring turnover in ITR and Benefits of declaring proper Income?

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sabyasachi mukherjee (27354 Points)
Replied 07 June 2022

Consequences of declaring turnover in itr and benefits of declaring proper income.

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chethan poojary (10 Points)
Replied 07 June 2022

Also consequences of GST Registrants declaring nill turnover in GSTR3B?

Ruchi Kariya (7 Points)
Replied 07 June 2022

To make sure that taxpayer does not default in disclosing information, there are many penalties prescribed under the act.
failure to furnish any information attract to penalty upto 1000.

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