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Querist : Anonymous

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Querist : Anonymous (Querist)
20 August 2013 My Father retired pensioner, has got notification from the IT stating "FY 2009-10 Share transaction of 20,000 or more" has happened. Pls explained significance.

Considering he being retired persioner and not having the income more than limit, he is not filing the returns. Also, he is not involved in any of share transactions.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
20 August 2013 "Also, he is not involved in any of share transactions."
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It is advisable to re-confirm about any such investment by going through the Pension Pass Book as well as another pass Book , if there be any. Also check for his Demat account.
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Submit reply on the basis of facts. There will be no problem if you submit a proper reply by quoting the above facts.
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