LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

2 against itr 4

shagun sharma (Accountant) (45 Points)

19 September 2015

Sir

I have filed some ITR's of my realatives under the from ITR 4 and now i have received notices u/s143/2 the income is mentioned under the column no account case. So Now what to do and how can i solved the matter

Reply
Follow
Share

9 Replies

jaya krishna (Chartered Accountant) (262 Points)
Replied 19 September 2015

Collect all relevant documents before attending the ao....

shagun sharma (Accountant) (45 Points)
Replied 19 September 2015

actually all these presumptive income cases and file the itr 4 insted of 4s so what to do now

Rashi Bajaj (CA) (752 Points)
Replied 19 September 2015

Basically, You do not maintain books for those income. Even though it is a case of ITR 4S, wrongly file ITR4: The Ao might only be interested in the basic details that are mentioned in the ITR 4. i.e. Gross Revenue, Cash/bank balances, any Debtor/creditors....

Collect these basic info and submit to AO. If he wants other info, he will send further notice or simply tell you orally.

Rahul Tyagi (Partner) (24 Points)
Replied 20 September 2015

Probably your case has been selected on air basis. Just go and attend the AO, he will either provide you questionnaire or air information to be replied. Then you can proceed accordingly.

shagun sharma (Accountant) (45 Points)
Replied 21 September 2015

THANKS FOR THE REPLIES.

YES THESE CASES SELECTED UNDER COMPUTER ASSISTED NOW BUT SHOULD THEY ASK ACTUALLY THE REURNS HAVE BEEN SUBMIITED ONLY IN NOW ACCOUNT CASE CARTERIA AND SHOWN ONLY GROSS PROFIT NOT ANY OTHER INCOME AND EXPENSES HAVE BEEN SHOWN. SO NOW WHAT TO DO.

CA Prakash (Chartered Accountant) (475 Points)
Replied 22 September 2015

You can check this article for more information on notice received u/s 143(2) of income tax act Limited Scrutiny selected under Computer Assisted Scrutiny Selection (CASS)

shagun sharma (Accountant) (45 Points)
Replied 01 October 2015

I have received a tax notice under section 143(2) - Scrutiny for tax filed on 31 July 2014 for FY year 2013-14. I am a salaried person and work in planning tours industry and have been paying taxes over many previous years. However in the above mentioned year, i had done a booking for some person under my individual name and earned some profit out of it (over Rs.10000). This was shown as profit from business in my individual books of account and computation of income by my accountant and was filed as ITR IV (due to income form business - even though i do not have any registered business). Usually for salaried, we have been filing ITR 1 over the years. I have paid tax on my salary, other income as well as profit amount received, however all was under ITR IV.

Is this the reason for scrutiny? Also what are the consequences and questions that may be raised in this matter? Please advise urgently as need to meet the IT officer in 2 days

Karthik.V.Kulkarni (Chartered Accountant) (594 Points)
Replied 01 October 2015

Hi Shagun,

The reason for scruitiny is to check whether you have disclosed true amounts and paid tax accordingly. There is no need to worry if everything is as per law. It is just a notice to appear before AO for scruitny. This can be solved only by appearing before the AO.

And to analyse what reasons the notice is sent i can exactly tell you as the info you provided are very little. If you give clear details we would be able to analyse what consequences would arise under scruitny and methods for rectification.

Regards,

Karthik V Kulkarni