Non-filing of income tax returns

94A is TDS on interest on securities. You must have some Term Deposits with banks on which bank has deducted and paid TDS on interest. Actually, you could have filed Income Tax Return and claimed the refund. Still you can file the Return for FY 11-12 and claim TDS REfund (For earlier years you cannot do so the returns are time barred.)

It appear that you have received the notice from Delhi Office (but cannot comment unless and untill I see the notice.)

In case, notice is received from Delhi Office , you can write to them that you do not have any taxable income to declare so you have not filed any return.

In case, its a local office has sent you the notice, you can meet them in person.

I have recd a letter from Income-tax for non-filing of income-tax return for A.Y 2010-11 and 2011-12. They have sent a list of some of activities for FY 2009-10 onwards as follows :- 1. FY 2009-10

T deptt has also stated that in case no response is received within 10 days " proceedings under Income Tax Act 1961 will be initiated". Can u pl help us what reply shd we give to IT deptt and what can they do under the above IT ACT 1961. Is it mandatory to respond to their letter. Shall appreciate your early response,

 

NOW I M CALCULATE MY PROFIT FROM PURCHASE & SALE OF SHARE

NOW F.Y.2009-2010  SOME MARGINAL PROFIT & F.Y.2010-2011 AROUNS 20000

PROFIT   NOW  WHAT TO DO  ?

I M READY TO PAY TAX WITH INTEREST  BUT ATTRACT PENALTY  AFTER PAYING

TAX

PLEASE GIVE & ADVICE