I had received a letter seeking details regarding the purchase of a flat under section 133 (6) in 25-02-19 and I had responded back with required documents asked by Income tax officer but I am not clear on few things and need assistance
I am a salaried person and there is no alternate source of income the flat was brought on home loan and no payment is done in cash (Have submitted) all proofs on same. there is no cash transaction in bank statement then why I am receiving this letter?
secondly, post submission of all documents I haven't received any further communication what should I do now? Am I required to meet assessing officer as I am not aware what is happened and I haven't received any further information in this regard?
28 March 2019
Hopefully your reply and documents shall be accepted by the Income Tax Officer (ITO) and if so accepted, no more communication will be done. If the ITO is not satisfied with the reply and documents which you have submitted, you might get a notice under section 148. It is suggested to meet ITO and find out if there is any issue pending in the matter. You may also discuss the case with me personally, showing relevant documents, if you are staying in Mumbai or near by (no charges for preliminary discussion).
CAclubindia
