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Appeal Before CITA


Debiprasad Jana   29 January 2020

Debiprasad Jana

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I was doing a business. I was doing a commission business. i did not file any return for the year. Business is like i take order of rice from one party(Ram) and then i told a rice mill to send the the rice to ram. i was not aware of income tax. i did not take or ask any purchase bills or sale bills. after receiving the rice ram deposit cash to my current account. then i withdraw cash and paid to the rice mill. for the AY 2016-17 1,73,00000 was deposited to my account. during demonetization period rice mill produce me bill and i pay him by cheque because rice mill said that to do. now officer added total deposit under section 69 and taxed under section 115BBE. demand is 2 crore 15 lakhs.
i prefer appeal to cita. is there any option to relief...my age is 23 now. what should i do. both party is avoiding me..pls suggest

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Roshni (Studwnt)     29 January 2020

Roshni
Studwnt 
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You will get a notice to file all your returns even previous ones...File it properly and pay tax this way you can avoid any further litigation.

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Debiprasad Jana   29 January 2020

Debiprasad Jana

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Order has been passed already. now tell me what should i do

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M.Keerthi chandra (C.A FINAL STUDENT AND QUALIFIED C.M.A)     29 January 2020

M.Keerthi chandra
C.A FINAL STUDENT AND QUALIFIED C.M.A 
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I understood that your's only commission business. But cash transactions were routed through your Current Account Prefer an Appeal and fight.Present the facts as they are, you will win.

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Debiprasad Jana   29 January 2020

Debiprasad Jana

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Thank you sir

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Roshni (Studwnt)     29 January 2020

Roshni
Studwnt 
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You prepare tax returns n show them how much actual tax it was.


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