Due to urgent requirement of fund i used my credit card during 2009 to 2011 every month swap approx 50 to 70 k per month for payment of credit card dues. Recently i received notice from income tax department for non filling IT Return of 2010-11 and 11-12. Reason for notice
1. During 09-10 deposit cash more than aggregate 10 lac in saving a/c(not a single transuction) 2. During 09-10, 10-11 AND 11-12 credit card bill paid excess 2 lac Plz suggest me what will i do and what is reply of of itr notice. Thanks in advance
plz reply soon its very urgent.....................
CAclubindia
