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notice u/s 143(2), 142(1) and 143(3)

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shagun sharma

Accountant

45 Points Posted on 09 May 2016

I just want to ask that I have filed 15 ITR's of 15 different persons in AY 2014-15 in itr 4 instead of Itr 4s in sept 2015 the all the person's received notices u/s 143(2) and now ITO sending the notices u/s 142(1) for assessment along with questioner of 5 pages. I think it's bacame very big problem. Actually some of the person didn't have bank accounts in that so I m not how should the department took their cases in secrutiny and now what should I do. because I do not have record of any person for that year aspect bank statement.

Replies (1)

Guest

Notice under Section 142(1) is mostly served to call upon documents and details from the tax payers Notice u/s 143(2) is usually sent after notice u/s 142(1) has already been sent. It means AO has selected your case for detailed scrutiny, was not satisfied with the produced documents.

It is possible that your client has not disclosed some of the bank accounts. You should contact the client and explain the seriousness of the matter. Suitable reply should be drafted along with proper answers to the questionairs.