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Notice received after submitting itr for fy 2014-15

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Querist : Anonymous

Querist : Anonymous (Querist)

28 May 2017 my brother has business income in FY 2014-15 and also received interest income. He has filed ITR 4S in FEB. 2017 of FY 2014-15 and in ITR He shows business income and income from other soures i.e. Interest from FDR. But on 27/5/2017 he got a notice from IT department regarding time deposit more than Rs. 2,00,000/-. He also made a deposit of Rs. 5,00,000/- in FY 2014-15. When he Filed ITR For FY 2014-15, then why he got notice from IT department ? Please tell me what reply should be given to IT department in this regard?

Vidya Jain

Vidya Jain (Expert)

28 May 2017 Hello,
The person who have deposited more than 2,50,000 is receiving the notice. You have to specify the source.If you want I can do so at a nominal fees.

Expert : Anonymous

Expert : Anonymous (Expert)

28 May 2017 Those person who deposit more than Rs.250000 in their account between 9 Nov to 31 Dec are receiving this notice even u have filed your return. You will reply it by following simple procedure given on income tax e filing site or you may whats app me on 9462938099.

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