Scrutiny case for individual
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2014
FOR F.Y.-2011-12 I GOT A SCRUITINY LETTER FROM A.O. THERE I DEPOSIT RS. 10 LAKHS INTO BANK. PLEASE SUGGEST ME HOW TO PRODUCE MYSELF TO THE A.O. AS I HAVE A NEGATIVE CASH BALANCE IN THE BALANCE SHEET AS ON 31/03/12.
Amol S Joglekar
(Expert)
29 December 2014
cash sales, receipts from debtors, small loans..... nothing is there?
30 December 2014
Most Important part is that How can you get the Scrutiny Notice of FY 2011-12 So late ?
If you really have recd such Notice than its Infractous ( Bad in Law ), You can go & ask the ITO how can such notice be issued Now provided you have filed your Income Tax Return in Proper time. Assuming you have filed a Belated Return then too Last date for FY 2011-12 was 31.03.2014, & you should have recd the Notice latest by 30.09.2014
However what I feel would be that you must have recd Notice u/s 148,or you must have recd it because of Information gathered on basis of AIR filed by Banks or such Institutions, check the Notice properly. If that is the case if you are very good at Income Tax ( If you have only Practical working Knowledge then too dont try on your own ) handle the matter accordingly else consult a Proper Expert its an bit delicate issue in your case now. If you can give more details I can suggest you a proper course of action to begin till you get a Proper Expert to handle your case
If you really have recd such Notice than its Infractous ( Bad in Law ), You can go & ask the ITO how can such notice be issued Now provided you have filed your Income Tax Return in Proper time. Assuming you have filed a Belated Return then too Last date for FY 2011-12 was 31.03.2014, & you should have recd the Notice latest by 30.09.2014
However what I feel would be that you must have recd Notice u/s 148,or you must have recd it because of Information gathered on basis of AIR filed by Banks or such Institutions, check the Notice properly. If that is the case if you are very good at Income Tax ( If you have only Practical working Knowledge then too dont try on your own ) handle the matter accordingly else consult a Proper Expert its an bit delicate issue in your case now. If you can give more details I can suggest you a proper course of action to begin till you get a Proper Expert to handle your case
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
- Gst credit note by supplier
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- GST on reimbursement of expenses
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
