banner_ad

Filling of Income tax return

Others 314 views 6 replies
Please suggest me how to I file my ITR I do many many money transfers amounting to Rs 20 Lac and above
I received a notice regarding filling of income tax return
Replies (6)
Yasir

Notice under which section...
then I can tell you.
ध्यान दें (PAN ANNPXXXX8C), वित्तीय वर्ष 2018-19 का आयकर रिटर्न (ITR) दाखिल नहीं करने के लिए आपके PAN को चिह्नित किया गया है। कृपया अपना ITR दाखिल करें या Compliance Portal(CP) पर ऑनलाइन प्रतिक्रिया दर्ज करें। efiling Portal(My Account) पर लॉग-इन कर के Compliance Portal में प्रवेश करें। -आयकर विभाग
Mere money transfer is not a basis to file ITR.

Income Tax Return has to be filed if there is income exceeding 250000/-.

Login to your account and submit a response to complicate..
Transfer of funds has no connection with notice...
If u disclose correctly as income in your returns...

transfer of funds is connected to filing of ITR in the following cases : 

1. where a person has withdrawn FROM  bank account(s) more than Rs. 1 cr in the preceding FY then TDS shall be deducted by the Bank over and above Rs. 1 cr @ 2% u/s 194N 

2. where a person  deposited in a current account(s) more than Rs. 1 cr in a Bank then in such a case filing of ITR is mandatory . 

@ naveen
this section has been introduced recently.


but yasir

has not mentioned that in his query.


So superfluous information is not to be given to him.
The query has not asked for it.
pls remain within the query.
for business purpose one can withdraw money to the limit specified in the last finance budget 2019..
You can get credit after filing returns .


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details