Hi,
My Father (sr. citizen) has received a tax compliance letter stating that for FY 12-13, certain financial transaction were noticed and no tax returns had been filed for FY 12-13. The letter has requested to file response in compliance module of e-filing portal.
On going through my father's records, I noticed that for FY 12-13, he had received interest income of Rs. 5.5 Lakh.In subsequent years there was no income. I have registered my father's pan in the tax portal
My queries are as below-
1. How do I go about the process of payment of tax (incl. penalty) and filing of return?
2. For years prior to FY 12-13, information is not available with me. So what are the consequences of short payment of tax.
3. The letter received from IT department asked for a response within 20 days. Will filling the compliance section constitute response?
4. What is the related information tab in compliance section for?
Thanks in advance,
CAclubindia
