Notice under 143 (2) limited scrutiny -purchased of property

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2016 Dear Expert

My client - senior citizen - filed ITR 2 with capital gain out of jewelry sold & rent income & interest on fd for A.Y.15-16.

In year F.Y. 15-16 assessee purchased property in metro city worth Rs. 1 cr out of fund received from her two sons. & given on rent.

Right now assessee is in out of india.

Notice received form limited scrutiny - issue - purchase of property. via mail & post.

how to resolved it. ?

Authority letter not made due to not present in india.

same type of notice also served on my friend with othe issue.

which paper submit on & how to resolved it with officer.

kindly reply how to attended ?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

10 August 2016 you can call for the letter of authority from the assessee from abroad, no issues. Till that time go and attend the case with the assessing officer and and discuss with him/her the situation and ask him to allow the time.....
Never forget that these officers are appointed to help the assessee and not to harass the assessee.....
Going abroad is not banned except in few cases like that of Mallya.....so go ahead and have a word with the asessing officer

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2016 thank you very much sir
i have all the paper like return copy & agreement , 1 % tds challan of property , refund advice & order copy of 143 (1) , 26 as.
can i need to submit all these paper along with rent agreement to jusfy the return or not ? except authority letter.
notice ask - produce or cause to be produce any evidence which u feel in support of the said return of income.
is any requriment - source of fund details to submit ??

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2016 thank u sir
kindly also reply to above matter

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

10 August 2016 first step is to be in touch with the assessing officer.
second would be to hand over the things as directed by the said officer in the said meeting.
First contact him/her...that is more important...before any summons is issued

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2016 THANK YOU VERY MUCH SIR.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

10 August 2016 you are most welcome.

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2016 yesterday we meet the officer

handover the document .

Office was very helpful & accept the document & acknowledge the same.

he told us the details to be ready for next meeting .

No date provide us for next hearing ,

office told that currently a.y 14-15 work going on & in the month of Jan17 to Mar 17 he will send the notice for all the details required for assessment.
that time all the details as per notice to be prepared.

till date not required to meet.

so under which section office issue the notice.

now details scrutiny will be there ??

again thanks a lot for your help.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

13 August 2016 01. oh that is wonderful. Hope the assessee comes back to India, by that time. Be prepared with the compilation of information as asked by the said assessing officer.
02. you hold the acknowledgement of the documents produced. Please keep it carefully. This might prove to be an important document in future....
3. no date is given : This is a very very common practice of Indian Income Tax Department. You can rely upon the same....and one more thing is, you are now in a WIN WIN situation....if notice comes in first quarter of 2017, you can attend the case...... if it does not come......you have already complied with the notice; for which you hold the acknowledgement.....isnt it?
4. This notice seems to be under section 142(1).... (The letter you got must be having the section number in it.)