notice u/s 143(2), 142(1) and 143(3)
shagun sharma (Accountant) (45 Points)
09 May 2016shagun sharma (Accountant) (45 Points)
09 May 2016Notice under Section 142(1) is mostly served to call upon documents and details from the tax payers Notice u/s 143(2) is usually sent after notice u/s 142(1) has already been sent. It means AO has selected your case for detailed scrutiny, was not satisfied with the produced documents.
It is possible that your client has not disclosed some of the bank accounts. You should contact the client and explain the seriousness of the matter. Suitable reply should be drafted along with proper answers to the questionairs.