Nature of contravention – Filing Income Tax Return (ITR) in Resident Indian status being a Non-Resident
- Taxation – The A.O. will attempt to tax global income as the asssessee has claimed the Resident Indian status.
- Penalty – Misreporting or Underreporting of income u/s 270A depending on the facts of the case as only the Indian incomes were offered to tax.
- Incorrect information – When the Income Tax Dept. attempts to tax global income while the assessee claims himself as a Non-Resident, and the Dept. accepts the view of the assesssee, penalty u/s 277 for such incorrect information can be levied.
Nature of contravention – Filing Income Tax Return (ITR) in Non-Resident residential status being a Resident Indian
- Taxation – The A.O. will tax global income as the asssessee is not an Non-Resident but a Resident Indian.
- Penalty – Misreporting or Underreporting of income u/s 270A depending on the facts of the case as only the Indian incomes were not offered to tax.
- Incorrect information – When the assessee claims himself as a Non-Resident despite being a Resident Indian under Income Tax, he can be liable for penalty u/s 277 for giving such incorrect information.
