notice under 142(1)

116 views 2 replies
i go this not for the FY 2015-16.

they ask to provide below things.
1) a brief note on the nature of activities under taken in the previous year relevant to the AY 2016-17 and the status of the activities undertaken in the earlier years.

(2) please furnish detailed computation of total income for the year under consideration along with evidences of source of income thereof.

My it return for the AY2016-17 is of Gross 295160/-, 259460/-
in computation comprehensive. detail shown 595000/- other income of brokerage.

I have deposited cash in total 3 bank account is about 12 lac.

now please tell me what they want...?
what can I do...?


Thanks
Replies (2)
submit the details called for vide notice under section 142(1)
You have to prove the difference of cash deposit and income declared is not your income. You have to explain the source of income for cash deposit which is in excess of income declared in the ITR.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register