You may be fined, if you fail to comply with income tax demand notice

Updated: February 5, 2019 05:30 PM IST

If you fail to reveal your income and pay taxes, you may have to face penalties and even imprisonment from 6 months to 7 years, along with penalty under various sections of the Income Tax Act.



TRENDING NOW

How to Build Rs 5 Crore in 25 Years with SIP?

How to Build Rs 5 Crore in 25 Years with SIP?

Expect More Tech Adoption, Strategic Partnerships: Nasscom Chairperson

Expect More Tech Adoption, Strategic Partnerships: Nasscom Chairperson

Ratan Tata's Last Speech Goes Viral

Ratan Tata's Last Speech Goes Viral

Samsung Galaxy Tab S10 Ultra Review

Samsung Galaxy Tab S10 Ultra Review

OpenAI Integrates Search Functionality with ChatGPT

OpenAI Integrates Search Functionality with ChatGPT

RECOMMENDED VIDEOS

https://www.zeebiz.com/personal-finance/video-gallery-how-to-build-rs-5-crore-in-25-years-with-sip-326037

How to Build Rs 5 Crore in 25 Years with SIP?

https://www.zeebiz.com/india/video-gallery-expect-more-tech-adoption-strategic-partnerships-nasscom-chairperson-325992

Expect More Tech Adoption, Strategic Partnerships: Nasscom Chairperson

https://www.zeebiz.com/india/video-gallery-ratan-tatas-last-speech-goes-viral-320764

Ratan Tata's Last Speech Goes Viral

https://www.zeebiz.com/india/video-gallery-samsung-galaxy-tab-s10-ultra-review-325721

Samsung Galaxy Tab S10 Ultra Review

https://www.zeebiz.com/india/video-gallery-openai-integrates-search-functionality-with-chatgpt-325955

OpenAI Integrates Search Functionality with ChatGPT

https://www.zeebiz.com/world/video-gallery-israel-vs-hamas-humble-request-to-pm-modi-indian-in-israel-requests-pm-modi-for-mediation-of-war-320464

Israel vs Hamas :‘Humble request to PM Modi…’ Indian in Israel requests PM Modi for mediation of war

https://www.zeebiz.com/india/video-gallery-big-win-for-indian-narrative-trudeau-admits-no-hard-proof-against-india-321918

Big Win for Indian Narrative: Trudeau Admits 'No Hard Proof' Against India

https://www.zeebiz.com/personal-finance/video-gallery-how-long-to-build-rs-1-crore-with-rs-1k-3k-and-5k-sip-power-of-compounding-325217

How Long to Build Rs 1 Crore with Rs 1k, 3k, and 5k SIP? Power of Compounding

https://www.zeebiz.com/india/video-gallery-buffalo-worth-23-crores-draw-crowds-at-international-pushkar-fair-in-ajmer-325339

Buffalo worth 23 crores draw crowds at International Pushkar Fair in Ajmer

https://www.zeebiz.com/india/video-gallery-you-and-i-zomato-welcomes-swiggy-after-stock-market-listing-326034

'You and I…': Zomato welcomes Swiggy after stock market listing

https://www.zeebiz.com/video-gallery-stock-of-the-day-today-anil-singhvi-gave-advice-on-selling-in-hpcl-interglobe-and-buying-in-ongc-319589

Stock of the Day: Today Anil Singhvi gave advice on selling in HPCL, Interglobe and buying in ONGC

https://www.zeebiz.com/personal-finance/video-gallery-starting-with-rs-5000-monthly-step-up-sip-can-one-generate-rs-4-crore-corpus-326041

Starting with Rs 5,000 monthly step up SIP, can one generate Rs 4 crore corpus?

https://www.zeebiz.com/india/video-gallery-take-care-of-mummy-bajaj-finance-employee-dies-by-suicide-family-alleges-mental-harassment-318906

'Take care of mummy...' Bajaj Finance employee dies by suicide; family alleges mental harassment

https://www.zeebiz.com/india/video-gallery-israel-pledges-response-after-deadly-missile-strike-by-iran-319275

Israel Pledges Response After Deadly Missile Strike by Iran

https://www.zeebiz.com/video-gallery-stock-of-the-day-today-anil-singhvi-gave-buying-advice-in-jio-financial-heidelberg-cement-319954

Stock of the Day: Today Anil Singhvi gave buying advice in Jio Financial & Heidelberg Cement

https://www.zeebiz.com/personal-finance/video-gallery-how-much-retirement-corpus-can-rs-10k-15k-or-20k-sip-create-in-20-30-years-326042

How Much Retirement Corpus Can Rs 10k, 15k, or 20k SIP Create in 20-30 Years?

INDIA

WORLD

COMPANIES

PERSONAL FINANCE

TECHNOLOGY

AUTOMOBILE

SMALL BUSINESS

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x