142 notice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2011
What are the consequences of 142 notice and hearing there of..!!
a) If attended to ..
b) If not attended to..
a) If attended to ..
b) If not attended to..
CA PARAS BAFNA
(Expert)
23 August 2011
By attending you will save penalty and can explain the position better.
By not attending Tax + Penalty haev to be paid.
It is always better to attend.
"Bat-Cheet se Masla Hal Ho sakta hey."
By not attending Tax + Penalty haev to be paid.
It is always better to attend.
"Bat-Cheet se Masla Hal Ho sakta hey."
23 August 2011
If you do not attend then
1) Penalty for not attending can be imposed u/s 271(1)(b) to the extent of Rs.10,000/- for each notice.
2) You may get assessment order u/s 144 and huge demand can be raised against you.
3) You have to file appeal which also requires filing fee + C.A or advocate's fee.
4) The demand raised u/s 144 order can be recovered by attaching your bank account and the properties
NOW IT IS UP TO YOU TO ATTEND 142 NOTICE
1) Penalty for not attending can be imposed u/s 271(1)(b) to the extent of Rs.10,000/- for each notice.
2) You may get assessment order u/s 144 and huge demand can be raised against you.
3) You have to file appeal which also requires filing fee + C.A or advocate's fee.
4) The demand raised u/s 144 order can be recovered by attaching your bank account and the properties
NOW IT IS UP TO YOU TO ATTEND 142 NOTICE
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