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
Menu
Appeal Before CITA
Replies (5)
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.
Order has been passed already. now tell me what should i do
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.
Thank you sir
You prepare tax returns n show them how much actual tax it was.
Recent Topic
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
Related Topics
CAclubindia
