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142(1)

Tax queries 368 views 2 replies

hi

i need a clarification regarding section 142(1),please provide me when notice under section 142(1) will be issued  because in Belated return and Revised return,we will have relevance there.

i would be very greatful for ur response

 

Replies (2)

142(1) notice is sent when return has not been filed by the assessee, and/or when the AO wants to have a look at the books of accounts (not more than 3 years prior) and if need be, statement of assets and liabilities as well.

FIRST TIME I LOG-IN FOR E-FILING. I SAW OUTSTANDING TAX DEMAND U/S 143(1), FOR A.Y. 08-09, 09-10, 10-11. I NEVER GOT ANY INTIMATION REGARDING IT. IN FORM 26AS NO ANY TDS REFLECT U/S 192 BUT I PAID TDS UNDER THIS SEC AS PER FORM 16. IN FACT IN MY RETURN THEIR IS REFUND IN THESE YEARS. ONE MORE THING FOR A.Y. 10-11 DEMAND DATE IS 30/03/2013, I.E. AFTER 1 YEAR FROM END OF A.Y. IN WHICH RETURN IS FILED. NOW WHAT SHOULD I DO?

PLZ SUGESS, THANKS.......


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