SIR, PLEASE GIVE ADVISE. I HAVE FILED MY RETURN OF INCOME FOR A.Y.2013-2014 (F.Y.2012-2013) ON DATED 01-01-2014 AND THEREAFTER A NOTICE WAS SERVED TO ME FROM INCOME TAX DEPARTMENT U/S 143(2) FOR ASSESSMENT OF INCOME (SCRUTINY PROCEEDINGS) ON DATED 05-03-2015. AS PER SECTION 143(2) THE NOTICE IS VALID OR INVALID. AS THE PERIOD OF SIX MONTH HAS BEEN EXPIRED FOR SCRUTINY OF INCOME. HENCE, WHAT SHOULD I GIVE HIM REPLY UNDER SUCH CIRCUMSTANCES. PLEASE HELP
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Income tax section 143
Replies (6)
As you have had filed ITR on 01012014 the notice under section 143(2) should have been served by 30092014 ie 6 months from 31032014. It is an invalid notice. Just ignore the notice.
By the way did you file the ITR manually or electronically. Was your core income from salary or business.
Thanks,
Write one letter to the officer with the help of a professional and close the matter. Do not submit details asked, or comply with any proceeding etc, otherwise invalid notice shall become valid.
Dear Majumdar jee & Raj jee,
My income is from business of resale of garments and i have filed my return of income u/s 44AD in ITR-4S, and gross turnover is Rs. 80 lakhs and profit is above 8% i.e. 8.25% and I have paid all interest properly u/s 234A, 234B, & 234C, and no depreciation has been claimed by me only deduction u/s 80c and 80TTA has been claimed as deduction.
Please tell me whether Advance Tax is applicable on me or not. as far I know, that advance tax fall u/s 208, where tax liabilities is above 10000/- but some of my friends told me that advance tax does not cover section 44AD and no need to maintain books of accounts.
please give some case study where advance tax does not fall if return is prepared u/s 44AD.
No need to pay interest on delay payment of advance tax..as advance tax prov not applicable if one opted for 44ad
Provision of advance tax are not applicable on senior citizen not having income from business and profession and assessee who has opted for presumptive taxation under section 44AD
wt rule7 appointment and renumeration of personnel, about listed and subsidiaries of listed companies. ...whether they have to take CG approval or wt?
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