Compliance management cell

I have received a letter from 'COMPLIANCE CELL OF INCOME TAX DEPT, NEW DELHI.'  informing they have received inormation on financial transactions/activities for Financial Year 2009-10 onwards the detasils are given below.  I am 62, have no job or any taxable income, and therefore not filed any returns after sufficient verifications. All the transactions that occured are  from life long savings.

 

the details sought are transactios under the following (sections ?.)

CIB-403 FOR 2009, 2010 ,2011 

TDS-94A FOR 2009,2010,2011

CIB-410 for 2011.

CIB-321 for 2009.

 

What is CIB-403, TDS-94A,CIB410 and CIB-321.

Where do i get the details as to what the above sectios are..

As my incomes from my 40 years savings is less than taxable income can I state that I have no TAXABLE INCOME ( WHICH IS A FACT) THOUGH THE TRANSATIONS AS ASKED BY THEM MAY BE TRUE.

I AM WORRIED. KINDLY REPLY.

REGARDS

Replies (1)

It seems you have made some financial transactions related to mutual funds, bonds, debentures, fixed deposits etc. Since you did not file your returns and still manage to do these investments, the IT dept is curious to know about the source of this investments. CIB is Central Information Branch where Annual Information Report is submitted by banks, financial institutions, stock exchange, mutual fund houses etc on financial transactions. 

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