Notice for verification of transactions.
This query is : Resolved
05 May 2010
Hi,
Can anybody share his views on the following notice received from the I.T.Dept...
You have made several transaction of share trading during the F.Y.2007-08.
Whether u r assessed to income tax? if Yes, plz furnish the acknowledgement.
Have u reflected the above transactions in your books and the return of income.
The notice doesn't mention any section.
Whether the notice is valid and if yes what are the remedies.
Can anybody share his views on the following notice received from the I.T.Dept...
You have made several transaction of share trading during the F.Y.2007-08.
Whether u r assessed to income tax? if Yes, plz furnish the acknowledgement.
Have u reflected the above transactions in your books and the return of income.
The notice doesn't mention any section.
Whether the notice is valid and if yes what are the remedies.
05 May 2010
The Notice is valid as under section 133(6) The Ao has wide powers to call for the information from assessee. The remeady is to provide the information to department.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- ITDS U/S.194T of Firm
- Capital gain on sale and purchase of plot
- Invertaded duty struture
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- 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
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
