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Notice from information and criminal investigation

Notification 395 views 1 replies

Swami Nathan

Others

24 Points Joined August 2015

I just received (almost an year later) for taxes which I had filed last year for the FY 2013-14. It says that PAN number not furnished for certain transactions. They have asked me for PAN card and ITRv acknowledgement. I just sent them the information.

When I recalled what I did in 2013-2014 - there were 2 mutual funds sale which I forgot to declary in my taxes and also there were a lot of international credit card transactions which I did. So, I am not sure which one is causing the issue.

If it is mutual fund - what documents do I need to be prepared with ? and what is the possible penalty/interest ?

Thanks,

Replies (1)

Udgam Koomar

Tax Technologist

1949 Points Joined August 2011

It will depend on to what extent there is a case of tax evasion and what information they have regards violation of policies. You will have to prepare yourself with all documents not only this but all income sources to put your case strongly start accumulating these docs and meet your AO if necessary to seek help.