My father purchased a house in 2009-10 , deposited some amount of cash in saving account, and purchase some shares but he did not pay any tax at all and he also did not file the income tax teturn.. He sold these shares and amount was spent by him on himself. He transferred this house to me through gift deed last month and he died. Now I have received a computer generated letter from income tax department addressed to my father and this letter talks about these transactions based on annual information return (AIR). What should I do.
Dear Sir,
I have filled returns for the AY 2012-2013, but my signed document is not received by CPC, so when I contacted CPC @ Bangalore in last week of may 2013 I got to know this info.
So they have asked me to resend the signed copy and I sent it on May 26 2013, but now the status in my login says as ITR V rejected.
Can you please help me here.
Thanks
Srinu
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Income tax liability on legal heir