Missed itr

thanks to all...........

If you have form 16 then it means that your employer has deducted your tax at source,though the same might not be credited by your employer to the central government So the default was of your employer in this case. There is s 205 which stipulates that if tds is deductible & is DEDUCTED by the deductor ,who has not paid the same to the cg then AO will not raise demand on deductee

This however is only in respect of demand of taxes. For penalties you will have to talk to them

There is penalty of Rs. 5,000 u/s 271F for failure to file return of income by the end of relevant assessment year. But S.273B stipulates that penalty can not be imposed for failure referred to in S.271F, if he proves that there was reasonable cause for failure

Dear Amjad,

Please tell me

a) the section in which u received the notice for non filling of ITR.

b) Date mentioned at the top of notice.

c) Date on which u received the notice.

The Bank are required to file Annual Information Return in which they have to report the name of the person and PAN whose Credit card bill exceeded Rs. 2,00,000 during the year. Since in your case u spend more than Rs. 2,00,000 the bank must have reported this to IT department. Now since u have not filed your IT Return u have received this notice. You have to give me the above details if u want to know that what other action u can take in this regard.

Rohit Gupta

RHT1203 @ gmail.com