Business
18797 Points
Joined January 2014
Venkat lets not give threat to the queriest. What will the dept. get by booking any assessee?? The department will only ask for penalty and interest. Still if the assessee denies, then only government will take strict action.
Prem as advised by other experts, do not get panic, just chill and hire any Tax Professional (if u can't manage by ur own), and dress ur books accordingly. U'll b asked only for interests and penalties(if applicable). Just pay it and try not to mix up the things again.