Regarding it return not filed

Efiling 586 views 5 replies

if income tax return is not filed for the year 2011-12 and 12-13 and suppose i have received a notice from compliance management cell from delhi stating that i should reply to them within 10 days..

what should the tax payer do now?

how to come out of this...

please share your views...

thnk u..

Replies (5)

Facts required before answering this query:

1)     Is it a departmental query or a notice. If it is a notice, under which section is this notice issued?

2)     Did you had income above maximum amount not chargable to tax.

It would be easier to respond if you could share exact language as written in notice.

You can file manual  Income Tax Return Voluntary.

You cant file that previous years returs without commissioner approval...am i right sir ?
Yes...we cant file the return for FY 11-12 now voluntarily. However if a departmental query is raised in which it is required by AO to file a return of income for FY 11-12 then we will have to file a return. Generally a notice is being issued by AO these days if the assessee has entered into transactions related to purchase and sale of shares to check if some income has escaped from being assessed. So a formal reply stating a brief of income of assess is required to be submitted in
Yes...we cant file the return for FY 11-12 now voluntarily. However if a departmental query is raised in which it is required by AO to file a return of income for FY 11-12 then we will have to file a return. Generally a notice is being issued by AO these days if the assessee has entered into transactions related to purchase and sale of shares to check if some income has escaped from being assessed. So a formal reply stating a brief of income of assess is required to be submitted in response to such notice.


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