Non quating pan

This query is : Open 

24 July 2012 Dear sir
I am received a letter from Director of Income Tax (Intt. & Cr. Inv.) regarding non quoting PAN u/s 139A(5) & 272B of IT Act for the financial year 2010-11.The Brief Facts of my Financial Transactions are following.
* In the F.Y 2010-11 I am cash deposit Rs. 3449000 in my saving bank account and Rs. 2317000 are deposit through cheques
* I am not a Income tax Assesse but I am Pan Holder
* I am a agriculturist and my family total income from agriculture is Rs 15 Lac per year
* The above cash which is deposit in bank received by sale of a piece of urban agriculure land, but I am not a owner of this land , I am only special power of attorney holder of this land, i have only right to sale of this land . This land was given to me by my relative (Mosa) in blood relation. There is no documentary evidence of this land, how to given to me.
The Question arise above Facts are:-
1. If I file income tax return for F.Y 2010-11 relative to A.Y 2011-12, what source of income i shown in ITR for Above cash deposit Transations.
2. Is i shown long term capital gain of sale of agri. land. (which I am not owner, but I use sale Consideration)
3. I am remaining 5 acre agriculure land, which i am not owner , but I want to sale in future, for sale in future how i show my income
Thanks

24 July 2012 1. Capital Gains
2. yes
3. LTCG


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details