what is the process if any notice has been place u/s 142(1)
This query is : Resolved
06 September 2010
please tell me about the notice u/s 142(1) and what procedure follow for the settlement of this section
06 September 2010
This notice must carry a list of documents / records, which you need to present on a given date & time.
Just prepare a detailed point-wise (as per points given in the notice)reply with appropriate & complete attachments.
Present this reply on the given date & time before the AO (signing the notice).
You can also take the help & advice of your CA / Tax counsel & may also represent the reply through him.
Just prepare a detailed point-wise (as per points given in the notice)reply with appropriate & complete attachments.
Present this reply on the given date & time before the AO (signing the notice).
You can also take the help & advice of your CA / Tax counsel & may also represent the reply through him.
06 September 2010
If the notice is as per section 142(1)(iii), the above observation is correct.
The section has two more sub clauses also viz.,
143(1)(i) - As per this section assessee has to file a return if no return is filed, for the assessment year, earlier.
143(1)(ii) - as per this section, the assessee has to produce such accounts or documents as the Assessing Officer may require.
The section has two more sub clauses also viz.,
143(1)(i) - As per this section assessee has to file a return if no return is filed, for the assessment year, earlier.
143(1)(ii) - as per this section, the assessee has to produce such accounts or documents as the Assessing Officer may require.
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