Notice 2013-14 and other urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2016
Good Morning
Sir, my friend recd one notice from income tax department for non filling itr f.y.2013-14, and his amount shown in 26 as 10 lacs to and tds 10000 , so give me notes ..what can i do for this case..
1 ) because f.y.2013-14 return date closed
and also pending f.y2014-15 and 2015-16 return
2) he doing business so i get benefit 44ad higher profit of 25%
3) in future any assesment notice received agst 2013-14 for 25% profit (he cannot maint. books so how to clarify that expenses.) any case law releted 44 Ad assessment
Sir, my friend recd one notice from income tax department for non filling itr f.y.2013-14, and his amount shown in 26 as 10 lacs to and tds 10000 , so give me notes ..what can i do for this case..
1 ) because f.y.2013-14 return date closed
and also pending f.y2014-15 and 2015-16 return
2) he doing business so i get benefit 44ad higher profit of 25%
3) in future any assesment notice received agst 2013-14 for 25% profit (he cannot maint. books so how to clarify that expenses.) any case law releted 44 Ad assessment
23 July 2016
You should immediately file the pending returns for AY 2015-16 and AY 16-17. Also your query requires clarity.
Abhimanyu Jhamba
CA/ Advocate
9218999999
Abhimanyu Jhamba
CA/ Advocate
9218999999
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