21 December 2015
My client received notice from ITD for non filling of return of FY12-13 & 13-14. no section is on notice. Under "Submit Compliance Form" I have to submit the details. No taxable income that's why I filled income exempt from tax. but It also ask one more information under the same option as below: S.No- FY- Information Code- Information description- 1- 12-13- CIB-403- Time Deposit exceeding Rs. 2,00,000/- with a Banking Company- 2- 12-13- CIB-410- Deposit In Cash aggregating Rs. 2,00,000/- or more, with a banking company-
I can't understand above two option. kindly help me out as my client said there was no any taxable income during FY 12-13, then why ITD asks for above details.
21 December 2015
Your client made a bank deposit of more than 2 lacs and cash deposit of more than 2 lacs. Considering this also no taxable Income. Then declare no taxable income. Verify the bank accounts of your client there will cash deposits and time deposits.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
21 December 2015
Okayyyyy, Thanks a lot.........I will get it checked....