It query for high value transactions
This query is : Resolved
29 March 2021
Sir
It Assess itr (it ) return filed in time in f y.19-20. recently mobile sms received from it department of high value transactions in f.y.19-20.
1.sb interest from three banks Rs:35,000/-
2.interest from debtor Rs:1,00,000/-
Total rs:1,35,000/- in f.y.19-20.
If Assess interest income rs:1,35,000/- already show in itr under other sources of income head.
Question:
Assess notice reply compulsory or not
It Assess itr (it ) return filed in time in f y.19-20. recently mobile sms received from it department of high value transactions in f.y.19-20.
1.sb interest from three banks Rs:35,000/-
2.interest from debtor Rs:1,00,000/-
Total rs:1,35,000/- in f.y.19-20.
If Assess interest income rs:1,35,000/- already show in itr under other sources of income head.
Question:
Assess notice reply compulsory or not
29 March 2021
You have to check details of high value transactions and revise the return if required.
29 March 2021
If the income is already declared in the ITR, better state the same in the reply.
Message likes :
1 times
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
