Notice under 143(2)

Notification 431 views 3 replies

aparna milind

4 Points Joined August 2016

I have received incometax notice via e-mail under 143(2)- Limited scrutiny- for financial year 2013-14

It mentions following Issues

i. Deposits in cooperative bank
ii. Interest Income Mismatch

I have deposits in co-op bank and I have included the interest received in my income. But during that year co-op banks were not updating the interest in 26-AS, so my 26-AS does not include it. Could this be the reason for interest mismatch?

Also my income is much below taxable income.

Please let me know which is the best way to handle this query.

Thanks

Replies (3)

suresh

proprietor

425 Points Joined May 2011

You need to reconcile it with the reports income tax department has received based on your PAN and if there is any mis match it requires clarification.

You need to file the details required by the concerned income tax officer to complete the assessment.

nitin

article

169 Points Joined October 2007

Hi Aparna

Please send me the notice at nitinsharma30921 @ gmail.com.

Thanks

Nitin

+919654857485

Udgam Koomar

Tax Technologist

1949 Points Joined August 2011

First gather all documents concerning income and match it with retruns filed, you will have to prepare latter citing any differences. remember even if financial organiations do not update the 26AS, its your duty to reflect the correct income in ITR.