Non filing of income tax return notice
danish (executive) (67 Points)
12 January 2016danish (executive) (67 Points)
12 January 2016
Jayesh NP
(Tax Practitioner)
(177 Points)
Replied 12 January 2016
You don't have to mandatorily file return for AY 2013-14 as you have no taxable income.
You have to file the compliance statement. Select the option "I have no taxable income" from the list box as a response to non filing.
danish
(executive)
(67 Points)
Replied 12 January 2016
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 13 January 2016
in reply section select no taxable income and then wait and see if u get any notice for further action.
danish
(executive)
(67 Points)
Replied 13 January 2016
Jayesh NP
(Tax Practitioner)
(177 Points)
Replied 13 January 2016
You should keep the statement of Transaction to prove that you have no profit. It will have to produce to AO only if he is taken any further action against you. Also you should ensure no high payment transacton . If any Payment transaction is there you should prove the source also.
danish
(executive)
(67 Points)
Replied 13 January 2016
danish
(executive)
(67 Points)
Replied 13 January 2016
danish
(executive)
(67 Points)
Replied 13 January 2016
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