income tax notice sub:" query on transaction "

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imran (Querist)
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01 September 2016 Dear sir/mam today we recived a notice from it department in my wifes name, for a transaction made in 2013, my father sold some property in 2011 and as per indexed cost the ammount he recieved was not taxable. but he mentioned it in his income tax return. then he bougt a plot in 2013 in his daughter in laws name and paid money from the proceeding of the property earlier sold in 2011, now today we recieved a notice from it department title "query on transaction for financial year 13-14" my father is no more now, he passed away in 2014, now what should i do as i dont have any proof that my father had made the payment and registered the plot in my wifes name, although the cost of plot purchased is only 25% of the property sold in 2011.. also my wife dont have pan card. pls help

imran

imran (Querist)
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01 September 2016 property sold in 2011 for 18 lacs proper puchased in 2013 for 5 lacs

Amol S Joglekar

Amol S Joglekar (Expert)
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01 September 2016 you inform these facts in response to the said notice. Either you can go personally or write a letter

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imran

imran (Querist)
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01 September 2016 Thanks for you reply they have asked for following documents also pan card copy if available copy of land agreement details of account if available (she dont have any personal account, she is a joint account holder with me) do i need to furnish the details of account also? if i reply with a letter will that be enough? because i am living outside india and my wife is in india, she cannot go alone to it office. please advise

imran

imran (Querist)
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01 September 2016 this account i opened in my name in 2011 and later on i added my wife as joint account holder in 2015.

Amol S Joglekar

Amol S Joglekar (Expert)
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01 September 2016 Notice is in the name of wife. So let her go and submit the documents. Dont worry much about the notice.
Ignorance of LAW at times may prove to be beneficial. She can explain the same in her language.

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