Regarding non filing of income tax
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2017
Long back in 2012, my father had sold one of our house inherited from my grandparents as an immovable property. The entire transaction was carried transparently and we had received cash in terms as bank deposits from the owners. My grandparents had 3 sons out of which my father is the youngest. Now 4 days back we got an letter subjecting to non filing of IT returns based on my father's pan card. Please advise what to do.
CA. DINESH KUMAR
(Expert)
31 July 2017
If income of your father (including Capital gain on sale of property, if any)is less than exemption limit, you can file response electronically mentioning the fact that return not filed as total income was less than exemption limit.
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