Help - got a letter from income tax asking information.

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P Kahyap

Others

50 Points Joined November 2014

I have received a letter from IT department of my own city stating that the department is in posession of information that I have entered in to financial transaction(s), as per details given below without quoting my PAN.
And the details given just below that line are around 15 Lakhs of Cash Deposit in FY 13-14 and assessment year 14-15.

I have been asked to furnish a source of cash deposit in my account. However I have not done any kind of this transaction mentioned in year 13-14. I mean I had a good turnover in that period but never deposited that much of cash in my account.

1) How can I furnish a reply?

2) Is it possible to ask what information they are in posession of?

3) The time limit to reply is within 7 days after receiving this lettter, is there anyway to present an application to the local IT officer to extend the date?

Note: The letter came from local IT office and there is signature of local IT officer below, is it even a genuine letter or just mischeif of someone just to grab some money?

Replies (10)

CA. SANDIP

Chartered Accountant

86 Points Joined August 2011

You can contact to Local IT office from where letter is received and meet the concerened authority. Presently department gives notices by email.

P Kahyap

Others

50 Points Joined November 2014

Originally posted by : SANDIP
	You can contact to Local IT office from where letter is received and meet the concerened authority. Presently department gives notices by email.

That's strange then, actually all my ITR are filed by my income tax lawyer and he intentionally keeps my passwords, heck he keeps passwords of all of his clients and email addresses are also changed, so am not able to check even the email attached to my income tax account.
Is there anyway to check the authenticity of this letter? I have received it from speed post.

CA. SANDIP

Chartered Accountant

86 Points Joined August 2011

If you are using Net banking facility than you can access your Income Tax efiling account from there and for that you are not required any password. You can on your own way change the password.

There may be outward number on notice also. If it is not than you can further check about notice to be legal.

Secondly if you are sure about your financial transaction than you simply go to department and enquire about same.

Farhaad Jiwani

Tax Consultant at Nagpur

303 Points Joined October 2010

simply go to IT officer from whom the notice has raised. if u have not make any such transaction make sure to get photo copies of ur bank account & show him. don't forget to take original copy of such notice with you to show him. all your transaction

P Kahyap

Others

50 Points Joined November 2014

Originally posted by : SANDIP
	If you are using Net banking facility than you can access your Income Tax efiling account from there and for that you are not required any password. You can on your own way change the password. There may be outward number on notice also. If it is not than you can further check about notice to be legal. Secondly if you are sure about your financial transaction than you simply go to department and enquire about same.

Thanks for your time and replying, Yes I do use netbanking facility and am checking it. Can I message you directly if I need any help on this?

Jitender Singh Patyal

INCOME TAX EXPERT

56 Points Joined November 2009

of u file ur income tax return than u have no problem but for this u check ur bank statement if there is an entry u must reply if not then there is no need to reply but itr would be file

PARMESHWAR VERMA

STUDENT

31 Points Joined February 2009

Never go to lawyers for filling Income tax return, only rely on a CA, learn this lesson and spread it to your friends.

CA. SANDIP

Chartered Accountant

86 Points Joined August 2011

If you need any assistance than you can mail me on sandip02 @ gmail.com. But I suppose you should check your efiling account first.

P Kahyap

Others

50 Points Joined November 2014

Thanks everyone for your valuable advices and I really appreciate Sandip for being so generous, am going to meet the consulted officer today and ask what information they are in posession of.