Income tax notice more than 2 lac payment to credit cards
This query is : Resolved
09 November 2015
Respected Sir,
My income is Non Taxable and not getting salary on paper but cash. I do have Credit Cards, I used these card to use money to deal my financial problems. I used to get money by swiping Credit Cards at rate of 2.5% to 3% charges from some vendors. I done these transactions and paid to Credit Card companies on time but these transactions value exceeds the limit. ITD given me notice for not filing IT for AY 2014-15 with reason of query "Paid Rs. 200000/- or more against Credit Card bills"
Kindly guide me through how to respond to this query raised by ITD.
Thanking You,
Aarif Balluwala
My income is Non Taxable and not getting salary on paper but cash. I do have Credit Cards, I used these card to use money to deal my financial problems. I used to get money by swiping Credit Cards at rate of 2.5% to 3% charges from some vendors. I done these transactions and paid to Credit Card companies on time but these transactions value exceeds the limit. ITD given me notice for not filing IT for AY 2014-15 with reason of query "Paid Rs. 200000/- or more against Credit Card bills"
Kindly guide me through how to respond to this query raised by ITD.
Thanking You,
Aarif Balluwala
10 November 2015
The response is required to be made online if you received the meil from CPC
05 September 2016
Please get in touch with an advisor who can help you prepare a response and file the same in the ITR e filing portal.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- Journal entry of busniess expenses
- LIC maturity claim whether taxable
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
