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
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
