What is the drawback of ITR filing?

Forums Tax Filing What is the drawback of ITR filing?

What is the drawback of ITR filing?

Is there any disadvantage of filing Income Tax Return? I am confused, please explain.

Profile photo of Madhavi Bhamare Asked By: Madhavi Bhamare 1 replies 0 helpful answers Last Updated: 4 months, 3 weeks ago
  • Profile photo of Madhavi BhamareMadhavi Bhamare
    Participant

    Is there any disadvantage of filing Income Tax Return? I am confused, please explain.

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    No, on the contrary by not filing your return in spite of having taxable income, you will be liable to the penalty and prosecution provisions under the Income-tax Act.

You must be signed in to reply to this question.