Can you have to go to jail if ITR is not filled, know the rules of income tax

Income tax returns (ITRs) or deliberately hiding your income is considered legally tax evasion, under which the Income Tax Department can take strict action. In view of the changes of recent tax rules, all taxpayers should know these rules.

Time deposit TDS

Any type of delay in depositing TDS can cause legal action. Under Section 276B of the Income Tax Act, the department can file a case against the person who delays the deposit of TDS. Interest and penalty may have to be paid with TDS following a court order. In more severe cases, the jail can be punished. So always submit TDS on time.

Action on deliberate tax evasion

If someone deliberately hides his income and does not deposit the prescribed tax, it is considered a crime. According to Section 276C of the Income Tax Act, such cases can also be sentenced to jail along with fine. The government is also making such rules so that people can be saved from circling court-court, but legal action is sure to be taken in serious crimes.

ITR results of not filling or delayed

According to the rules of the Income Tax Department, if you do not fill ITR time or fill late, then you can be fined under Section 276 cc of the Income Tax Act, 1961. Therefore, file the ITR within the stipulated time frame, so that legal problems can be avoided.