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Compliance related query
Hi all,
I got a notice from incometax department stating "Transaction of 10L above in saving bank account". that amount we transacted for business purpose.Now i want to file compliance through my account. in that "Related information summary" i didn't get any option to select for submit. total options they had given as third party related.
So please help for this issue
Replies (1)
Business purpose means what?? You did it from your account and gave to someone so its your PAN related, once you select Your pan related, you can give explaination in detail what it was about. Your account is savings bank not current account.
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