Copy of acknowledgement of response to non filing of income tax not submitted to ao

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Ibrahim

Assistant Manager

83 Points Joined May 2016

Hi, I had received the following notice from Income tax on 15th March 2016 for non filing of return for Assesment year 2014 - 2015. Notice states below : Madam/Sir, Subject : Non filing of Income tax return - Reg. 1.The Income tax Department has received information on financial transaction/activities relating to you.A list of some of the information for financial year 2013-14 is provided below.As per records, you do not appear to have filed Income tax Returns for Assessment year(s) 2014-15. 2.You are requested to furnish your response in the compliance module on the efiling portal at (https://incometaxindiaefiling.gov.in) if you are not registered with e-filing portal,use the register yourself link to register.The response to this letter has to be submitted electronically by clicking on the compliance link after logging into the e-filing portal.You may keep the printout of the aknowledgement of of submitted response for your own record. 3.A copy of the acknowledgement is required to be submitted to the office of the undersigned within 20 days of receipt of this letter failing which appropriate proceedings under Income tax Act,1961 may be initiated. I had submitted my response online in compliance module on 19th March 2016 but i missed to send the copy of acknowledgement to the Income tax office as stated in point 3. What should i do now should i send the copy of acknowledgement now or leave it as is as 20 days are already been passed. I am concerned because one of the transaction which stated in the notice was of contract of value more than Rs 10,00,000 in commodity exchange and i had not carried out any such transaction. So i am concerned whether income tax officer does not add this to my income under the impression that no response is received as the copy of acknowledgement is not submitted. Please guide me on this.

Replies (8)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210838 Points Joined July 2016

Have you properly replied (online) about the transaction, not corresponding to your PAN?

What is the status of the enquiry? Anymore correspondance? Wait for further action from the department.

Ibrahim

Assistant Manager

83 Points Joined May 2016

No further correspondence by the IT on this and status on compliance module showing submitted. I had selected option Not known in the compliance module as i had not done that transaction and was not aware of the same.Plz reply is it correct

Vaishnavi Ganesh

Chartered Accountant

861 Points Joined June 2012

check whether the transactions indicated in the notice corresponds to you.

Check PAN in the notice as well.

If you agree or disagree with the information contained in the notice.

-- login to https://incometaxindiaefiling.gov.in using your PAN -- if you have not registered before register -- go to dashboard -- compliances -- there you will see the list of this many transaction as it is mentioned in the notice issued by IT department -- if you disagree with that for the reasons, if it is not relevent to you, or incorrect -- submit your response there.

-- if you agree to it, then you need to submit your response there and also file the income tax returns for the said AY with IT department -- then write a reply to AO (notice issued authority) regarding the return filed by you.

Vaishnavi Ganesh

Chartered Accountant

861 Points Joined June 2012

Coming to your query, if you have filed the ITR within the mentioned 20 days or latter, write the Jurisdictional AO quoting the notice reference and mentioning that the return has been filed vide ack.no xxxx.

Or you may also submit the ITR-V acknowledgement number in the compliance setion.

Compliance -- return filed -- acknowledgment number -- date of filing and mode of filing.

Ibrahim

Assistant Manager

83 Points Joined May 2016

Since the transaction does not relates to me I had selected option "Not known" in compliance module Please let me know if it is correct.Since the transaction does not pertain to me i had not filed the ITR but had given the response online in compliance module within 20 days but i missed to submit the copy of acknoledgment of the response given in compliance module. Do let me know what should be my step now.

Thanks

Ibrahim

Vaishnavi Ganesh

Chartered Accountant

861 Points Joined June 2012

According to me, that's enough and that's what is required by that notice. Instead of 'not known' there will be suitable option 'not relevant to my PAN'.