Notice issue by income tax department

If you've received a notice from the Income Tax Department for not filing your ITR, especially with significant transactions like ₹1.32 crore, don't panic. You need to explain the nature of these transactions and provide evidence to prove they are non-taxable. For loans, this includes bank statements, PAN, and ITRs of the lender. If the income is from property sales, you should write a letter to your Assessing Officer detailing the transactions.