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Can't understand submit compliance form on itd site.plz help


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Querist : Anonymous

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Querist : Anonymous (Querist)
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.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2015 Okayyyyy, Thanks a lot.........I will get it checked....






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