Non filing of income tax return notice

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Sunil (Querist)

03 November 2012 Respected All, I have received a notice for non filing of income tax return for assessment year 2011-12, in that notice mentioned that -

It is noticed from the list of non filers based on annual information return in this office that you have not filed your income tax return for the a.y. 2011-12, which you are required to file under the provisions of section 139 (1), of the income tax act,1961. in case you have allready filed your income tax return , please submit a copy of the acknowledgement receipt.
Kindly note that this is a non-statutory letter. However, if no reply is furnished , it will be presumed that you have not filed any return of income for the f.y. 2010-11 relevant to a.y. 2011-12 and further approriate action as per income tax Act, 1961 will be initiated. You are hereby requested to submit your reply on or before 23/10/2012.

As i had my gross income below Rs. 160000/- so i have not filed the income tax return. Now what reply i have to written on which section i have not file the return, kindly draft a letter. I will be very thankful to all of you.

Thanks in advance

CA bhargava

CA bhargava (Expert)

03 November 2012 Mr. Sunil., though the letter u had got just asked u r return details.i.e whether u had filed or not., but this have much implication., as u have been got this by the filtering made in Annual Information return(AIR)., because., we dont know from where that AIR has been filed against you,
i.e. 1.U r Bank deposits may be more than 10 lacs in the year,
2.credit card payment more than 2 lacs., etc...

so if u r confident about such things then ., no need to file the return., else it is advisable to consult a CA and File u r return....

Sunil

Sunil (Querist)

03 November 2012 I have just applied for the share of Rs. 200000/- in an Punjab & Sindh Bank I.P.O. but i have alloted much less amount( Rs. 20000 only). It is shown in my 26AS also.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

03 November 2012 Please refer your Bank & Credit card transactions in detailed. Incase you have transaction which is covered under AIR. need to give the explanation for that to the A.O