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Masood

Amit Gupta Answer |Ask - Follow

- Answered on Apr 18, 2022

Asked on - Apr 18, 2022Hindi

I am an NRI based out of Muscat but my family stays in Bahraich, UP. I have not filed my income tax return for the last two years. I have income from investments and capital gains made from my investments in shares and mutual funds. I also have some fixed deposits the interest for which is taxable.

Will I be penalised for not filing my returns since assessment year 2019-20? Need your help to get out of this situation. Please help.

Ans: It depends on Department Assessment procedure. If your case comes in for scrutiny then you will get penalised for not filing your tax return.

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