Income tax notice u/s 143 (2)

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20 Points Posted on 30 June 2021
Dear Experts,

We have received notice from IT dept for faceless Assessment u/s 143(2).

In the notice they asked "Business purchase and Icds compliance and Adjustment" details.

since we are getting notice from IT dept first, can you please tell me what details they require from us.

Thanks and Regards

V.Karthikeyan
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On 30 June 2021 at 10:11 Report
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Quick Summary
An individual has received a notice from the Income Tax department under Section 143(2) for a faceless assessment. The notice specifically requests details concerning business purchases, ICDS (Income Computation and Disclosure Standards) compliance, and any adjustments made. The user is seeking clarification on what information the tax department requires in response to this notice.

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Partner
1072 Points Posted on 30 June 2021

1. Purchase of business

2. what ICDS compliances are applicable to you

3. and adjustments you made for those compliances

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On 30 June 2021 at 13:02
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20 Points Posted on 30 June 2021
Ok sir thank you
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On 30 June 2021 at 17:38
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tax consultant
3306 Points Posted on 30 June 2021
I would not confront anil jain. an incomplete, poorly typed and vague question deserves a tawdry answer.
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On 30 June 2021 at 23:37
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146 Points Posted on 01 July 2021
Take the help of nearest CA, don't take the notice lightly. Rather than asking here.
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On 01 July 2021 at 06:57
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20 Points Posted on 01 July 2021
Ok sir thank you
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On 01 July 2021 at 09:45

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