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Q. > Please Help: Not file itr return for ay 17-18
Dear sir,
If i could not file my income tax return for ay 2017-18 but my bank statement show heavy cash transaction during ay 17-18.so what should i do now
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Rambabu Senkarasetti
Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT
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CA Satuti Mahajan
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Priyank Nilesh Vora
12-May-2018 , 11:39:28 pmCompute your income and if tax is payable , make tax payment
YUGENDRA NAGPURE
22-May-2018 , 06:01:39 pmWait for notice u/s 142 (1) of IT Act 1961.By serving a notice under section 142(1) your AO may ask you to: Furnish a return of income in respect of which you are assessable, where you have not filed your return of income within the normal time allowed (which may include return in respect to your own income or income of other person for which you are liable to be assessable), for e.g., in case of a legal guardian/ deceased person;