SECTION 148, 143(2)

ITR FILED FOR 17-18  INTIMATION 143 1 NOT RECEIVED BUT RECEIVED REFUND, AS I DON'T SEE INTIMATION 143 1 ON PORTAL UNDER FILED ITR

Notice Under Section 148 Of The Income Tax Act, 1961 DATED 03/05/2021 RECEIVED  I FILLED ORIGINAL  ITR UNDER  SECTION 148  ON 22/05/2021

Notice under section 143(2) read with section 147 of the Income-tax Act, 1961 RECEIVED ON 16/11/2021 The Department may raise further queries or issue a detailed questionnaire pertaining to these issues or any other issues found during scrutiny proceedings, which will be intimated during the course of scrutiny proceedings.

RESPONSE SUBMITTED ON 19/11/2021  We have gathered all the information and found ITR filed for AY 17-18 is correct including the balance sheet, we found in AY 16-17 balance sheet is not correct, we have only considered capital account details, we are attaching full detail corrected Balance sheet for AY 16-17 which may resolve the problem. Please intimate us if you need any further clarification. EVEN AFTER RESPONSE, WE RECEIVED AN SMS  Dear AAXXXXX6E, Income Tax Department has issued a notice/order for AY 2017-18 under section 143(2). Kindly submit online response in case of notice by login to e-filing account (https://www.incometax.gov.in). e-Filing, Income Tax Department

WHAT TO DO NOW? I DON'T SEE ANY MORE COMMUNICATION AFTER MY RESPONSE

 

Replies (11)
Quick Summary
This discussion addresses receiving income tax notices under Section 148 and 143(2) for Assessment Year 2017-18, despite having already filed the return and received a refund. The user received a Section 148 notice, filed a revised return, and subsequently received a Section 143(2) notice for scrutiny. A potential issue with the Balance Sheet for AY 2016-17 has been identified as the likely cause, and a corrected Balance Sheet has been submitted. The user is seeking guidance on the next steps and clarification on why a refund was issued without a prior Section 143(1) intimation.

After filing itr in response to 148 u may ask the reason recorded for reopening the case,,,,, once u get reason things will get cleared
Pls explain or upload the notice. I will solve it right across.

LET THEM REPLY FIRST, THEY THEM SELF WILL ASK TO FURNISH DETAILS. REALY FOOLISHNESS  THEY ARE SENDING 148 AND 143(2) AND NOT GIVING REASON, WITHOUT 143(1)  NOT POSIBLE TO FIND. THEN HOW REFUND WAS PROCESSED.

NSDL REFUND  SAY Refund is already credited to your bank, please contact your bank

NOTICE IS IN GENERAL 

3. While acknowledging the care you may have taken in preparing the return of income, there are certain
issues, on which further clarification is required, therefore, return of income has been selected for scrutiny.

The Department may raise further queries or issue a detailed questionnaire pertaining to these issues or any other issues found during scrutiny proceedings, which will be intimated during the course of scrutiny proceedings.

You may submit or cause to submit:

(i) Any evidence on which you may rely in support of your return of income;
(ii) Reply to the above-mentioned issue(s);

Further, it is advised that you should gather all the information, documents, evidences, etc. related to the above
referred issues which may be relevant for the scrutiny proceedings. Detailed questionnaire(s) or communication
may be issued during the course of assessment proceedings. As and when questionnaire(s) or communication
is issued, you are required to provide specific point-wise response within the time specified.

 

 

ACTUALY PROBLEM IS IN BALACE SHEET  AY 16-17  we have only considered capital account details
IF THIS IS ISSUE THEY MIGHT ASK TO REVISE OR RECTIFY  BALACE SHEET  AY 16-17

THEY MUST HAVE FOUND BIG JUMP IN BALACE SHEET FIGURES. ANY WAY I ATTACHED NEW BALACE SHEET IN RESPONCE.

 

If u have a pan of firm and introduced any capital assets than u r liable to pay capital gain deemed transferred assets ,, u may do personal msg

Nature of business real estate  broker but I am showing balance sheet from beginning so have to continue. Not under audit.

Whether u have transferred to capital asset in stock in trade during the f.y. concerned pls check

Only brokerage income, interest income, short and long  term capital gains from shares no other income.. I fill schedule for P & L  and fill type of expenses.

Ask for reson to repoen under 148

I will wait for reply

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