Comment on Notice under Section 139(9)? - Possible reason

Nithin Kamath commented on 21 Jan 2014, 10:31 PM

Yes ritesh, it is compulsory to file your returns, remember that your PAN is mapped to your trading account, and every trade you execute is accounted for. You may not have trouble, but if there is trouble in the future, everything can come back to haunt you. Today our IT department is going online, and hence getting a lot more efficient, sooner than later, everything will get automated, and if you get a notice they will ask you for the last 3 years returns.

If you haven’t filed till now, make sure that you change your habit and be disciplined on this in the future.


View the full comment thread »