Complete scrutiny under section 143(2) 143(3) 142(1)

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Ranjit Singh

48 Points Posted on 17 October 2017

Hello Professionals,

I need someone who can guide me maybe talk with the issue mentioned below.

I recently received complete scrutiny notice for AY 2105-16. I field Belated ITR for the mentioned period and there was calculation mistakes in the ITR.

The major blunder I made was that I somehow deducted expenses twice in the ITR form and paid SAT(self assessment tax) accordingly in dec 2016). After 1 week I found out the mistake commited and paid remaing amount through SAT. Since this was belated return I could not file a revised ITR.

I think this lead to complete scrutiny of my case.

I have more deatils to share but I will first wait for experts to engage with this thread.

Replies (5)

Guest

talk with assessing offcer pay tax and settle the matter

Ranjit Singh

48 Points Posted on 17 October 2017

Hello Samir. Thank you your prompt response.

I am all in for paying Tax amount if any. I am just nervous this is my first interaction with tax officials. I also showed my sincerity by paying remaining tax after filing ITR. I hope that the ITO will consider this.

Guest

it is due to lack of knowladge and not confident

if u attain such kind of things u r experience will increase

and u will get a new to look for such things

so just attain it without fear

Ranjit Singh

48 Points Posted on 17 October 2017

Samir I have followup questions. Since the ITO will ask for expense receipts (I work from home). what should i do for the following.

1. I claimed Rs.1250 per month as electricity expense for my computers. Since I do not pay bill separately, will the ITO reject this expense?

2. I have a Postpaid broadband connection required for work. I have missing receipts for 3 months but I have claimed the expense, will the ITO reject this expense?

3 I have received a sum of Rs. 72000 into my bank account from my father(overseas worker) which I did not show as income. but now I have lost the receipt of transaction, will the ITO add this to my income?

4. I have take and give transactions totaling Rs 20000, will the ITO consider this as income?

5. I have Rs. 23000 Net loss from equity trading which I dectucted as expense. Is this right?