Hi , I am 70 years old citizen and received income tax filing letter for the year 2017-18 with the transaction amount of £3 crores. Upon investigation we found that, the mentioned account wasn't in my name and i dont know how it was linked with my income tax account. I have contacted the bank and they confirmed the same. I was ill for the last few years and didnt notice my messages and recently received a warning letter from Income tax office.
I am really baffled, how my name got linked with this transaction. Has any one experienced it. Any advice is greatly appreciated.
Thanks
CAclubindia
