Non Disclosure of Income., Income Tax

[Sarfraz Khan]

Dear Sir.

What happens if I didn't disclose income while filling income tax return then later on I disclose the same but still is not taxable.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

You can do it because no tax liability has been arisen. If tax liability has been arrived you have to pay the tax along with interest.

[Ganeshan Kalyani]

If the mistake is genuine then not an issue but otherway it hampers creditability and induce suspects.

[MARIAPPAN GOVINDARAJAN]

The views of Shri Ghanesan is correct.

[Ganeshan Kalyani]

Thanks Mariappan sir for validating my views.