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What happens if I dont file income tax returns ?

Nevin
Answered on December 29,2017

Non-payment of tax attracts interests, penalty and prosecution. The prosecution can lead to rigorous imprisonment from 3 months to 2 years (when the tax sought to be evaded exceeds Rs. 25,00,000 the punishment could be 6 months to 7 years).??

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Tax returns filing vivad se vishwas scheme PAN Card Tax Identification Number