Notice u/s 142
This query is : Resolved
11 August 2013
Hi All A salaried persons receives notices u/s 142(1)
Case is very simple furnish all the supporting documents like ITR-V, FORM-16,INVESTMENT PROFFS, ETC. to your officer, If you have file your return accurately and you have paid all the taxes there is no worry.
BUT
Here a case is that every things clear, white income, all documents available. but during the time of filing the return mistakenly Income Tax Return was filied with the Form-16 data which was of a different year.
For eg. for A.Y.2011-12, return was filed with the data of A.Y.2010-11.
more over this mistake was realized when the notice was receivced.
Q. WHAT ACTION CAN BE TAKEN NOW IN THIS CASE, PLEASE SHARE YOUR EXPERIENCE. Thank you.
Case is very simple furnish all the supporting documents like ITR-V, FORM-16,INVESTMENT PROFFS, ETC. to your officer, If you have file your return accurately and you have paid all the taxes there is no worry.
BUT
Here a case is that every things clear, white income, all documents available. but during the time of filing the return mistakenly Income Tax Return was filied with the Form-16 data which was of a different year.
For eg. for A.Y.2011-12, return was filed with the data of A.Y.2010-11.
more over this mistake was realized when the notice was receivced.
Q. WHAT ACTION CAN BE TAKEN NOW IN THIS CASE, PLEASE SHARE YOUR EXPERIENCE. Thank you.
11 August 2013
The question may arise about the difference in the income returned and actual income for AY 2011-12.
.
But the position can be clarified and can be pleaded by stating that there is no willful tax evasion. Still it depends very much upon the AO. When there is not a substantial tax evasion he may order to pay the difference amount of tax with interest.
.
.
But the position can be clarified and can be pleaded by stating that there is no willful tax evasion. Still it depends very much upon the AO. When there is not a substantial tax evasion he may order to pay the difference amount of tax with interest.
.
Message likes :
1 times
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Small dealers gst returns filing
- Free lancer income
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
