tax authorities sending notice
This query is : Resolved
11 February 2011
sir,
my father receieved a cheque of Rs.10 lakhs from one his friend and again my father returend the money to his friend. Yesterdat my father receieved a notice from tax authorities to acount for the money what my father is suppose to do or not
For your kind information my father is an employee and his friend is bussiness man
Please suggest me any suggestions
my father receieved a cheque of Rs.10 lakhs from one his friend and again my father returend the money to his friend. Yesterdat my father receieved a notice from tax authorities to acount for the money what my father is suppose to do or not
For your kind information my father is an employee and his friend is bussiness man
Please suggest me any suggestions
CA PARAS BAFNA
(Expert)
13 February 2011
You take photo copy of the notice.
*
Explain the purpose and source from where you have received money.
*
Get a confirmation of ledger a/c on which your father will sign
and uncle's signature will confirm the transaction.
*
Get photcopies of Bank statement from your uncle and father of their bank accounts.
*
Make a suitable reply to the notice and
tell your father to contact the tax authorities at the address mentioned in the notice.
*
Or.. if your father don't want to go, contact a CA, known to you.
*
Explain the purpose and source from where you have received money.
*
Get a confirmation of ledger a/c on which your father will sign
and uncle's signature will confirm the transaction.
*
Get photcopies of Bank statement from your uncle and father of their bank accounts.
*
Make a suitable reply to the notice and
tell your father to contact the tax authorities at the address mentioned in the notice.
*
Or.. if your father don't want to go, contact a CA, known to you.
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
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Foriegn assets disclosure
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- 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
- How to get money back from delisted company
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
