A person cannot know more about IT act. He gets a property through inheritence. He sell the property and deposits money in the bank. After 2 years, his neighbour told that u have to pay tax for that amount. What is the solution for that?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 29 December 2016
Write a letter of condonation of delay in filling return to your Jurisdictional ITO, stating the facts, with offer to pay any tax, interest and penalty, if any.
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