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Return filing
my father sold his land and amount transfered to my account.Father filed ITR showing this income.But Since I am not filing return will department snd me a notice regarding the source of amount credited to my account?
Replies (4)
No need to show in your income, as per law no double taxation, for that income already income tax paid by your father.
But if notice comes what to do
Notice will definitely come but you can reply the notice as per your transaction and your father CG income. you do not need to pay tax as your father already filed IT returnfor the same
Ok thank u
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