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How to write reply to it department calling of information u/s 133(6) of income tax act, 1961
My client was a retired pensioner and he had been filing his income tax returns for the last 8 years. But he fails to file IT return for the AY 2013-14, because he was hospitalized at that time of filing the returns. While computing his tax liability it is found that some tax liability also (below 10,000/-)
Now he got a letter from from IT department calling of information u/s 133(6) of Income Tax Act, 1961. It is because of the deposit he made with some co-operative banks. Now they seek information about last 5 years IT returns statement along with computations.
How to write a reply to IT department? Since it is the IT for AY 2013-14, I think 2 options.
Pay the Tax for 2013-14 and admit that IT returns were not filed.
Just admit that IT returns were not filed and let them impose tax
What is your opinion? Kindly guide me
Replies (4)
Draft a suitable reply to the letter and along with it attach the IT returns and computations of the relevant years.
Now since IT return for AY 2013-14 was not filed state the reason for not doing so.
My doubt is whether
1) Pay the Tax for 2013-14 and admit that IT return was not filed.
2) Just admit that IT returns was not filed and let them impose tax.
Kindly guide me ..
If you are not averse to paying tax then pay it and use option 1.
Else use option 2.
The best thing would be to pay the tax and at the same time state reasons for not paying. Get recommendation from thepensters writers. I am sure that there would be certified people who can guide you in the right way.
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