Income tax return file
This query is : Resolved
11 May 2017
Dear sir,
i am exempted for income tax return file & I have return filed for last two year.
I have forgotten my Share Trading Transaction for FY 14-15 so i have notice Received by Income tax Department .
how can i reply for this notice
So please give me suggestion/solution for this Notice.
i am exempted for income tax return file & I have return filed for last two year.
I have forgotten my Share Trading Transaction for FY 14-15 so i have notice Received by Income tax Department .
how can i reply for this notice
So please give me suggestion/solution for this Notice.
CA R SEETHARAMAN
(Expert)
11 May 2017
If you have taxable income pay taxes with interest and file manual return with your AO.
Message likes :
1 times
CA R SEETHARAMAN
(Expert)
11 May 2017
Reply to the notice as no taxable income earned hence no return filed.
Studentsca
(Expert)
11 May 2017
What do you mean when you say that I am exempted for Income tax return file and I have filed returns for 2 years?
Studentsca
(Expert)
11 May 2017
You mean since Long term capital gain is exempt you filed a nil return??
11 May 2017
yes sir
my Yearly income is 2 laks so i return filed with nill.
my Yearly income is 2 laks so i return filed with nill.
Studentsca
(Expert)
11 May 2017
That is not correct. You should have mentioned your correct income and the tax liability would still be nil as your income is below basic exemption limit.
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