If a NRI does not file his ROI within the prescribed due dates, then he shall be liable for the following:-
- Interest @ 1% per month or part of the month on the tax payable for delay in filing ROI
- Fees for delay in filing ROI (w.e.f. AY 2018-19). Further, the amount of fees could be Rs. 1000 / 5000 / 10000 depending upon the total income and the date of filing the ROI.
- He may be subjected to prosecution. However, if the ROI is filed within a period of one year from the end of the FY for which the ROI is to be filed or the balance tax liability after considering TDS and Advance Tax does not exceed Rs 3,000/-, then he shall not be liable for prosecution.
- Refund cannot be claimed unless condoned by CBDT as stated above.