Compliance

This query is : Resolved

naval (Querist)
Follow

22 March 2015 department has shown my status as Non filer in my incOmtax site. wn i answered no taxable income. they are asking queries 1) agreement entered with builder cooperative society for property transaction.

for which my answer is no since i have no transaction. can any body help me which anser to select 1)self 2)OTHER PAN 3)NOT KNOWN 4)i need more information.

2) STT 1 SHARE PURCHASE ANSWER IS YES PL TELL ME FOR YES ANSWER WHICH COLMN TO SELECT - NAVAL -

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

22 March 2015 1) You can choose either not known/I need more information.
2)You have to select self if you have purchased shares out of your source of income.

Message likes : 1 times

naval

naval (Querist)
Follow

22 March 2015 THANKS MR SEETHARAMAN -NAVAL

naval

naval (Querist)
Follow

22 March 2015 however i am still confused. I purchased shares from my life times savings and/or aganst sale of shares. however i had no income so i can not opt my source of income. cn mr seetharaman clear this point as to which option to choose in this situation. naval

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

22 March 2015 Don't get confused Income tax authorities have details of your share purchase and sale. File the return and pay taxes if you have earned any income.
Don't worry if the shares are purchased from your long term savings for which you can furnish the proof when asked for.

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