Notice u/s 148 of the income tax

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TAX CUNSULTANT
176 Points Posted on 24 March 2018
i received notice u/s 148... for assessment Year 2011-12 ...please clarify about this section... and how can i solve it??
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On 24 March 2018 at 14:01 Report
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SEO Sai Gr. Hosp.
121420 Points Posted on 24 March 2018

1.  income-escaping-assessment   or section-148

2.  Tutorials/-various-assessments

3.  https://www.caclubindia.com/articles/procedure-of-re-assessment-u-s-147--24208.asp

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On 24 March 2018 at 14:08
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1059 Points Posted on 24 March 2018
most probably there was a cash transaction in relevent year and u have not filed return or as return ed amt. is comparatively very low than transected amt.
u/s 148 complete assessment will be
done.
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On 24 March 2018 at 16:24
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Chartered Accountant
69 Points Posted on 25 March 2018
notice u/s 148 is issued for section 147 which is about income escaping assessment.
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On 25 March 2018 at 10:59
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TAX CUNSULTANT
176 Points Posted on 26 March 2018
thank you so much sir
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On 26 March 2018 at 21:38
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22 Points Posted on 12 March 2019
My grandfather he was 91 year old and he received income tax notice under section 148 because some cash transactions in their account and he doesn't no to file returns for the year 2011-12
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On 12 March 2019 at 20:01
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student
64 Points Posted on 12 March 2019

You have to respond to the notice, if its not time barred. Contact some tax consultant to prepare financial statements, if you are liable to respond as per act.

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On 12 March 2019 at 21:34

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