Hello everyone?
My client mistakenly transferred land to his daughter via a sale deed instead of a gift deed. Subsequently, he received a notice u/s 148A from the income tax department indicating that he sold the land, for which tax is due. However, this was due to a lack of knowledge about income tax law, which he was unaware of at that time.
In response to the notice, he clarified that the land was transferred to his daughter without any consideration received from her. Despite his response, the income tax department issued an order under section 148A(D).
Now, I need to file my income tax return and submit it within 90 days.
What is the solution in this case please suggest?
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My client mistakenly transfer land to his daughter through sale deed instead of gift deed.
Replies (8)
See, if it is a sale deed, then there is not much you can do except for filing proper return in response to this notice and pay the due tax. If your contention is that it was a gift deed, then the registrar needs to agree to it. Without registrar saying that it is a gift deed, you cannot escape the taxability here.
We discussed this query a month ago. Kindly do not delay your client's response to such notices. You are aonly increasing the costs for him.
Thank you Nikhil Sir 🙏
Facing the same problem, my father transfered a land to my mother as sale deed in place of gift deed, now income tax is sending notice section under 146,147, 271AAC(1).
Please help how to close this case.
Facing the same problem, my father transfered a land to my mother as sale deed in place of gift deed, now income tax is sending notice section under 146,147, 271AAC(1).
Please help how to close this case.
Dear Aniket,
This would require proper ITR filing in response to the tax notice and subsequent submissions during the hearings.
Happy to help.
You can reach me at canikhilkaushik @ gmail.com
Dear Aniket,
This would require proper ITR filing in response to the tax notice and subsequent submissions during the hearings.
Happy to help.
You can reach me at canikhilkaushik @ gmail.com
please make cancellation of sale deed, approach document writer
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