Compliance for a.y. 2013-14
This query is : Resolved
28 October 2015
Dear Sir/Madam,
An assesse aged about 68 years had sold a land amounting to Rs. 12.00 Lacs in May'2012 relating to A.Y. 2013-14 which falls under long term capital gain and he had deposited that money in savings bank account in that year and not filed any income tax return and not invested that money in any capital gain bonds and now in Oct'2015 income tax department has sent him a notice stating that he has deposited cash of Rs.10.00 lacs or more in Savings bank account and as per there records he has not filed IT return and IT department mentioned to file a compliance in the E-Filing Portal for non filing of Return.
So please explain what will he write in the compliance module and which option should be selected because department told to file it within 20 days on receiving the notice.
Please give your suggestion as early as you can because he is quited tensed as to how to cope up with the situation now. Your suggestion can help him a lot, so please reply.
Thanks,
Abhishek Roy Choudhury.
An assesse aged about 68 years had sold a land amounting to Rs. 12.00 Lacs in May'2012 relating to A.Y. 2013-14 which falls under long term capital gain and he had deposited that money in savings bank account in that year and not filed any income tax return and not invested that money in any capital gain bonds and now in Oct'2015 income tax department has sent him a notice stating that he has deposited cash of Rs.10.00 lacs or more in Savings bank account and as per there records he has not filed IT return and IT department mentioned to file a compliance in the E-Filing Portal for non filing of Return.
So please explain what will he write in the compliance module and which option should be selected because department told to file it within 20 days on receiving the notice.
Please give your suggestion as early as you can because he is quited tensed as to how to cope up with the situation now. Your suggestion can help him a lot, so please reply.
Thanks,
Abhishek Roy Choudhury.
28 October 2015
1. Reply online through'compliance module' by selecting 'return under preparation'.
2. Prepare return and pay tax, if any.
3. File the return offline before the jurisdictional ITO with a copy of the communication received.
2. Prepare return and pay tax, if any.
3. File the return offline before the jurisdictional ITO with a copy of the communication received.
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