Notice u/s 148-AY-16-17
This query is : Resolved
nitin gulati
(Querist)
31 July 2021
Notice u/s 148 for AY-16-17 received on email 30/06/21 .
1.Is It a valid notice.?
On enquiry reasons AO told that dealer made foreign trip(Usually arranged by the Supplier Co for many dealers on achieving targets etc ) cost of which met by the Supplier Company of dealer.
2.In ITR should dealer add as income ?
1.Is It a valid notice.?
On enquiry reasons AO told that dealer made foreign trip(Usually arranged by the Supplier Co for many dealers on achieving targets etc ) cost of which met by the Supplier Company of dealer.
2.In ITR should dealer add as income ?
CA R SEETHARAMAN
(Expert)
31 July 2021
1 yes, it's a valid notice.
The notice send to the e mail IDs provided in the income tax return shall be valid one and be binding upon the asssesee because according to chapter IV of the information and technologies Act 2000.
2 yes, it should be treated as income in ITR.
The notice send to the e mail IDs provided in the income tax return shall be valid one and be binding upon the asssesee because according to chapter IV of the information and technologies Act 2000.
2 yes, it should be treated as income in ITR.
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