I have received a message from income tax department for sft transaction how to deal with this
actually I have given my cerdit card to someone for use but i have received notice from income tax department
5 Replies
Jayendra
(student)
(216 Points)
Replied 26 September 2020
You need to answer the same on compliance portal of income tax. If it's done on your name but by another person with permission then that make no difference than use of card by you
Kartik Panda
(32 Points)
Replied 26 September 2020
Other person used the card in the return they will give me cash I will deposit the cash then make payment
Jayendra
(student)
(216 Points)
Replied 26 September 2020
You can explain this things if your case is selected for scrutiny. currently you should agree to the transaction on compliance portal while keeping in mind other related matters
Kartik Panda
(32 Points)
Replied 26 September 2020
If scrutiny is happened who will be taxable me or not
Jayendra
(student)
(216 Points)
Replied 27 September 2020
You but we can explain AO about the matter
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