Notice from income tax department fo excess cash deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2016
Dear sir
I have a client who are received a notices from income tax department for the year 2011, 2012, 2013, for cash deposit in saving account. the amount is mention in notice is correct i.e. 1200000 to 1600000. since my client does not file return for above year because they have income below exemption limit. My client starting their return filling from F.Y. 13-14.
Please suggest me what i reply for the transaction mention in the notice. IT Department give us five option only
1. cash deposit in a/c is taken in return
2. amount is not relates to you
3. partly relates to u or ur joint holder
4 go for IDS 2016 scheme
5. amount is incorrect.
sir i have only option no. 1 to choose but we did't submit return for that year
what i have to do. plz suggest me.
I have a client who are received a notices from income tax department for the year 2011, 2012, 2013, for cash deposit in saving account. the amount is mention in notice is correct i.e. 1200000 to 1600000. since my client does not file return for above year because they have income below exemption limit. My client starting their return filling from F.Y. 13-14.
Please suggest me what i reply for the transaction mention in the notice. IT Department give us five option only
1. cash deposit in a/c is taken in return
2. amount is not relates to you
3. partly relates to u or ur joint holder
4 go for IDS 2016 scheme
5. amount is incorrect.
sir i have only option no. 1 to choose but we did't submit return for that year
what i have to do. plz suggest me.
30 August 2016
Choose option 1 and say in the box provided return not filed in view of taxable income below exemption limit.
Message likes :
1 times
02 January 2017
choose option 1 and mentioned returned not filed since income is bellow exemption limit. you must return file for current year
04 August 2024
https://docs.google.com/document/d/1GSMDvEogZZqQY9gHWLZRETzbIcgVKobHrUQwWg4PipQ/edit?usp=sharing
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
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Long Term Service award taxability in hands of company
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
