Notice u/s 148 for thear 2014-2015

Khaja Anwar Mohiuddin (Retired Bank Officer) (36 Points)

22 April 2021

Notice received u/s 148 that income chargeable to tax AY 2014-2015 escaped assessment.

I am a house wife. My father gifted a flat which I have given on monthly rent of Rs.13000.00 (annual income Rs.154000.00).

IT asked to submit reply. PLease guide,

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 22 April 2021

Reply response asap by providing all the details of your income during the year and also provide details of rent received

Khaja Anwar Mohiuddin (Retired Bank Officer) (36 Points)
Replied 22 April 2021

I am house wife only annual rent income is Rs.154000.00 and there is no other source of income.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 22 April 2021

Ok, then you should give details of your rent received and income is less than basic exemption limit

Shubham Sharma (7 Points)
Replied 26 April 2021

If registation of flat is made on your name than it is possible that some payment was made in cash hence you have received notice u/s 148.

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