Notice under section 143(2)
This query is : Resolved
26 September 2017
Dear Sir/Ma'am,
I have filed my Income tax return for the FY 15-16 after due date and shown income under the head salary.I also incurred Trading Loss in shares and securities amounting Rs 300000.00 which i have not shown.In Fy 16-17 I have made profit of Rs 400000 in shares and securities trading which i have not shown.
Now I have received notice u/s 143(2)(Limited Scrutiny notice) for the FY 15-16 regarding income related to securities transaction.(In which I have incurred loss).
Please advice.
I have filed my Income tax return for the FY 15-16 after due date and shown income under the head salary.I also incurred Trading Loss in shares and securities amounting Rs 300000.00 which i have not shown.In Fy 16-17 I have made profit of Rs 400000 in shares and securities trading which i have not shown.
Now I have received notice u/s 143(2)(Limited Scrutiny notice) for the FY 15-16 regarding income related to securities transaction.(In which I have incurred loss).
Please advice.
26 September 2017
Appear before the assessing officer on the appointed date and prove the loss with records.
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