Non filling of it
This query is : Open
18 September 2016
Sir,
I am individual and have never filed a IT return till the assessment year 2015-16.
But in financial year 2012-13 I have done cash deposit of 200000/- in my bank account for which IT department had send me notice for non filing of return can and information code CIB-410
Please guide me to resolve this as I have 10 days of time to reply to department
I am individual and have never filed a IT return till the assessment year 2015-16.
But in financial year 2012-13 I have done cash deposit of 200000/- in my bank account for which IT department had send me notice for non filing of return can and information code CIB-410
Please guide me to resolve this as I have 10 days of time to reply to department
18 September 2016
Are you earning taxable income and not paying taxes and not filing return. What is the source of cash deposit.
18 September 2016
what is the source of deposit
18 September 2016
I had book balance received through many small job and mi income does not come under taxable
18 September 2016
Reply to the notice as not earning taxable income hence not filed return.
18 September 2016
The purpose behind income tax notice is to know whether depositor is having Undisclosed/unaccounted cash money or not. Presently there is no requirement of filing ITR, if Gross total income of an individual doesn't exceed Rs. 2.5Lacs & that income could be earned in cash. So, there is no such restrictions on depositing cash in Bank. But, it's source must be legally justified.
so, you must reply it within stipulated time frame along with its reason that my income is below taxable limit & cash income generated in current as well previous years.
Hope, your concern is clear now. For further clarification, you write us to info@wealth4india.com or Logon to www.wealth4india.com (Online Tax Studio & Start-up Gateway)
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- 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
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
