Delhi Court Sentences Woman to Jail for Failure to File ₹2 Crore Income Tax Return

In a recent development, a Delhi court has handed down a six-month jail sentence to Savitri for neglecting to file an income tax return on a substantial sum of ₹2 crores. The complaint, filed by the Income Tax Office (ITO), alleged that Savitri had failed to submit the required documentation despite a Tax Deducted at Source (TDS) of Rs. 2 lakh being deducted in the financial year 2013-14.

The court, after careful consideration of the evidence, sentenced Savitri to six months of simple imprisonment and imposed a fine of ₹5,000. In the event of non-payment of the fine, the court ordered an additional one-month imprisonment.

Savitri’s defense argued that she is an uneducated widow with no support, pleading for leniency. The court, taking this into account, granted her 30 days’ bail to challenge the sentence.

The judgment highlighted that the complainant successfully demonstrated, beyond a reasonable doubt, that notices were issued to the accused. Despite this, Savitri failed to comply with the obligation to file an income tax return for the assessment year 2014-15 under Section 276CC of The Income Tax Act.

Understanding Income Tax Return (ITR)

Income Tax Return, commonly known as ITR, is a crucial document used to disclose gross taxable income for a fiscal year. Taxpayers employ the ITR to formally declare their income, deductions, exemptions, and taxes paid, ultimately determining their net income tax liability.

Under the Income Tax Act of 1961, individuals under 60 years of age are mandated to file tax returns if a portion of their income is taxable. It is imperative to file income tax returns when income surpasses the basic exemption limit. The process of filing income tax returns can be carried out through both online and offline channels.

As individuals navigate the complexities of income taxation, adhering to legal obligations becomes paramount to avoid legal consequences, as exemplified by the recent case of Savitri in Delhi.

Also read: https://newseense.com/china-encourages-domestic-tech-adoption-impacting-tesla-and-apple-sales/

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