12 November 2017
I receive income tax notice u/s 142(1)and vide notice 148 for not filling IT return for FY 2009-10, AY 2010-11. I was collected old bank records. I found that one my bank which I was not give PAN no. and one another bank which I have given pan card, deduct TDS@10 on fd but both not deposit it to income tax department. I want to know what is penalty I can face for not filling it return and what should I do above said case of not filling TDS by banks.
12 November 2017
Hi Dear It is the responsibility of the bank to deduct and deposit the TDS. Geting PAN is also Bank responsibility. They could have deducted TDS @ 20%. Now you need to verify the 26AS Form as to how much actual income was their. Represent the proof of ur TDS deduction Need to File return under the section u got notice For complete details get me in touch at FCAMKGUPTALDH@GMAIL.COM
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