I have not filed ITR for Fiscal Year 2011-2012 and my income was substantial. Can I file a late ITR with penalty or require to furnish details of income under "Income Declaration Scheme" and pay 49% of income as penalty?
I have not filed ITR for Fiscal Year 2011-2012 and my income was substantial. Can I file a late ITR with penalty or require to furnish details of income under "Income Declaration Scheme" and pay 49% of income as penalty?