31 March 2017
Sir, Recently my wife received a notice for purchase of units of Mutual Fund for Rs. 4,20,000/- and for non-filing of return. Actually by tuition she accumulated 3,00,000 and it was invested in FD of SBI and this maturity value again has been invested in UTI . Her individual income is much less than 3 lacs as such she never needs to file return. What she should do now.
31 March 2017
To reply online through 'compliance' link in www.incometaxindiaefiling.gov.in * under 'related information summary' choose the option 'self-investment out of accumulated income' from the drop down menu under the head 'information relates to' * click on submit button. * e-file income tax return. * give copy of the acknowledgement to the income tax officer from whom you got the letter.