Air notice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2013
Dear Sir,
one of my friend receive notice of AIR, as he made a transaction of rs. 10 lk in saving bank account in f.y.10-11.
all transaction related to his business (bangle and ladies purse retailer at footpath). All transaction is between rs. 25000-45000. he is from bhopal and use to visit delhi for business purpose. He deposit cash here and withdraw there.
How he respond to such notice?. No accounts maintained, no itr filed by him.
one of my friend receive notice of AIR, as he made a transaction of rs. 10 lk in saving bank account in f.y.10-11.
all transaction related to his business (bangle and ladies purse retailer at footpath). All transaction is between rs. 25000-45000. he is from bhopal and use to visit delhi for business purpose. He deposit cash here and withdraw there.
How he respond to such notice?. No accounts maintained, no itr filed by him.
21 June 2013
Need to explain to A.O.
Since he has the business income, he might have filed the income tax return. he failed, so penalty may be levied along with demand of filing ITRs
Since he has the business income, he might have filed the income tax return. he failed, so penalty may be levied along with demand of filing ITRs
Message likes :
1 times
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Management System (IMS)
- Putting a heading on received mail
- 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
