271(1)(c) and 271F after 147 notice closure proceedings is issued with 0 payable tax
This query is : Resolved
18 April 2024
Hi Sir,
We have been issued 147 notice initially around 2 years back and then last year finally the closure proceedings were initiated with 0 amount tax payable by me. Infact there is a return/ refund available in the closure statement.
After the closure proceedings were initiated there are 271 notices that are being issued but our tax agent suggested to just ignore them as the closure proceedings were initiated and the tax payable is 0. Please suggest if these can be ignored or anything needs to be done as we are getting reminders for the same notices with tight deadlines. Our tax agent mentioned that these are autogenerated emails and can be ignored. Please advice.
We have been issued 147 notice initially around 2 years back and then last year finally the closure proceedings were initiated with 0 amount tax payable by me. Infact there is a return/ refund available in the closure statement.
After the closure proceedings were initiated there are 271 notices that are being issued but our tax agent suggested to just ignore them as the closure proceedings were initiated and the tax payable is 0. Please suggest if these can be ignored or anything needs to be done as we are getting reminders for the same notices with tight deadlines. Our tax agent mentioned that these are autogenerated emails and can be ignored. Please advice.
18 April 2024
please do not ignore the emails. The notice for 271 comes only if the 147 order stated so. And even if there is no tax payable and no penalty is expected, please submit properly drafted response to the notices. Hire a better tax consultant too.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
