Query on section 142(1)

Hi Sir,

A notice under section 142(1) in connection with the assessment for the A.Y. year 2010-11 served on 12.6.2014.

 

There is para what does that mean can you please help us to understand what documents i need to carry to income tax office in this regard.

(a) Prepare a true and correct return of your income/the firm's income/family's income /the local authority's income/the company's income/income of the A.O.P/income of the body of individuals/income of the respect of which you are assessable under the income tax act 1961 during the previous tear relevant to the assessment

year mentioned above.

Also, is this notice valid.

Also Return was already filed previously

Rgds

 

 

 

 

 

Replies (2)

Hi...If you have not filed your return for AY 2010-11 then you are required to file the same within the time prescribed under notice...

Yes notice is valid because no time prescribed u/s 142(1) to issue such notice....I think your assessment might be opened u/s 148....

notice is valid... you should reply to notice by mentioning true particulars of your income and also provide the copy of return filed.

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