For filing of itr - f.y. 2010-11 asstt. year 2011-12
This query is : Resolved
sanjay kumar gupta
(Querist)
14 March 2014
Dear Sir,
facts of the case are as under :
1.It is a proprietorship retail trading Firm.
2.Turnover during the year Rs. 59 lacs
3.Net Profit RS.182000/-
4.The assessee have not filed the Return.
5.A Notice from CIB(Income Tax) have been received for mentioning the total bank deposits ( AIR Basis).
Please suggest me to what action should be taken .
Thanks
facts of the case are as under :
1.It is a proprietorship retail trading Firm.
2.Turnover during the year Rs. 59 lacs
3.Net Profit RS.182000/-
4.The assessee have not filed the Return.
5.A Notice from CIB(Income Tax) have been received for mentioning the total bank deposits ( AIR Basis).
Please suggest me to what action should be taken .
Thanks
Nikhil Kaushik
(Expert)
14 March 2014
well then you are required to state reasons for not filing the return! And not only the return, but also the tax audit report.
kindly respond stating that the return is under preparation. Meet the jurisdictional AO, file the return in physical form. pay required taxes and also file the tax audit report.
kindly respond stating that the return is under preparation. Meet the jurisdictional AO, file the return in physical form. pay required taxes and also file the tax audit report.
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