Bad News for Non-Filers of Tax Return for Asst Year 2013-14 ! Prosecution Proceedings Likely to Start Now !

non-filersSection 276CC of the Income Tax Act is for prosecution provision for assessees who failed to file tax return ( non-filers ) in due time . CBDT had last year did an exercise to identify the persons who were required to file tax return for assessment year 2013-14 , but did not file the tax return. They were issued notice or letter asking them to file tax return . However, it has appeared to CBDT that many of the so called defualters have not filed tax return even after the excercise.

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