Got a notice from income tax office regarding filed returns

 

"Prepare a true and correct return of your income... in respect of which you're assessable under IT Act 1961 during the previous year relevant to the Assessment year mentioned above."

 

What does this mean? I have already filed the returns for FY 11, 12, and 13. My FY 13 income was double the FY 12 and paid the tax as well. So what does this mean?

I got this notice today and the CA is out of town so I can ask him after few days only...

Any help will be appreciated!

 

Thanks!

Replies (5)

mr. varkey ji

 

you should prepare a analysis that why such difference in income are coming

then if you are satisfied with your analysis u should reply to income tax as due to this reason my income tax return is true and correct.

thank

Originally posted by : YATISH GUPTA

mr. varkey ji

 

you should prepare a analysis that why such difference in income are coming

then if you are satisfied with your analysis u should reply to income tax as due to this reason my income tax return is true and correct.

thank

So it means that I must give more clarity about how the income doubled the next year? Also, they are asking about FY 12 returns and not the FY 13 right?

mr. varkey ji

 

yes, income tax deptt want to surety in calculation of your income.

Originally posted by : YATISH GUPTA

mr. varkey ji

 

yes, income tax deptt want to surety in calculation of your income.

 

 

Thank you! I am not sure about how to prepare the accouts as the transactions happen online (I do business online)... anyways the clerk at CA told me that he will contact the tax officer on monday. thank you once again...

Mr. Varkey Ji

Dont worry about to transaction nature. Income nature do not affect to income calculation.

Noway u can consult with your consultant.

If u need any help me than can contact me

mobile no. 9259087561

mail guptayatish88 @ gmail.com

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details