notice under section 142 of the act
This query is : Resolved
sheth rajesh
(Querist)
28 April 2008
Hi,
one of my client is a trust register on 25/6/2006. The return of income was filed on 31/10/2007 for AY 2007-08. The trust is duly registered u/s 12AA of the act.
Now on 25/4/2008 the officer issued notice u/s 142 of the act asking to submit 1) return of income for A.Y. 2005-06, 2006-07, 2007-08 2) copy of PAN card 3) copy of 12AA certificate 4) minutes books for last three years.
no notice u/s 143(2) of the act is recived intimationg selection for scrutiny.
Now my query is:
Whether the officer can ask submission of minutes books etc. for last three years though case is not selected for scrutiny
2) whether the officer can issue notice u/s 142 only on the basis of registration with trust authority to file return of income though the income does not exceeds minimum exempted limit.
Kindly guide.
With regards
Thanks.
CA Rajesh Sheth
one of my client is a trust register on 25/6/2006. The return of income was filed on 31/10/2007 for AY 2007-08. The trust is duly registered u/s 12AA of the act.
Now on 25/4/2008 the officer issued notice u/s 142 of the act asking to submit 1) return of income for A.Y. 2005-06, 2006-07, 2007-08 2) copy of PAN card 3) copy of 12AA certificate 4) minutes books for last three years.
no notice u/s 143(2) of the act is recived intimationg selection for scrutiny.
Now my query is:
Whether the officer can ask submission of minutes books etc. for last three years though case is not selected for scrutiny
2) whether the officer can issue notice u/s 142 only on the basis of registration with trust authority to file return of income though the income does not exceeds minimum exempted limit.
Kindly guide.
With regards
Thanks.
CA Rajesh Sheth
O.D.SHARMA
(Expert)
28 April 2008
Dear Mr Seth,
As the trust is registered u/S 12aa on 25/6/2006 & return filed on 31/10/2007.There is no need arise for 2005-06 return .ITO can go thru donations recd,& PAN card .Information regarding 2007-08 can be clearified,
As the trust is registered u/S 12aa on 25/6/2006 & return filed on 31/10/2007.There is no need arise for 2005-06 return .ITO can go thru donations recd,& PAN card .Information regarding 2007-08 can be clearified,
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 Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
