Notice : non-filing of income tax return

This query is : Resolved

PARMANAND PRASAD (Querist)
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08 October 2013 Dear Sir,
My spouse (house wife) has received a Notice regarding Non Filing of Income Tax Return for the FY: 2009-10 & 2011-12, Information Code-CIB-321: Share Transactions of Rs. 20,000 or more.
She has no any income & wholly dependent on me.
As per her Demate Account Ledger, she has noT Short Term Capital Gain, even huge loss in above state Financial Years.
Kindly revert me advice.
Thanx & regards.

Trinadharao Adigarla

Trinadharao Adigarla (Expert)
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08 October 2013 As per income tax rules must file return

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 October 2013 Dear Prasad,

These notices have been issued to thousands of PAN holders who have traded in shares beyond a certain limit but have not filed returns.

It is preferable that you file returns for the respective years. last week a similar query a raised in the forum on the same notices.

You may also seek professional help before responding to the said notices.

regards

Nikhil