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IT . reply to the notice.

25 November 2017

my client has received notice for not filing IT return for ay 2013-14. for financial transaction TDS . Shall I file now u/s 139 (9). section was not mentioned in the notice

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3 Replies

Shanmuga sundaram (Practising Chartered Accountant) (46 Points)
Replied 25 November 2017

you have e to mention section 142(1) and not 139(9)

Narinder Saini (18 Points)
Replied 25 November 2017

File a reply stating that the income was below taxable limit, but ensure that it was below taxable limits during that year. Also submit explanations regarding financial transactions and its source of expenditure / deposits as the case may be with evidence.

Narinder Saini (18 Points)
Replied 25 November 2017

Normal time limit for filling of return is already over on 31.03.2016.Assessee can file the return now in response to notice u/s 148 when ever it is received. Otherwise only explanation is to be submitted as suggested earlier.