Notice for non filing of it return a.y.-2013-14

santosh (Querist) 22 January 2016 This query is : Resolved
one of my client received a income tax notice for non filing of i.t. return A.Y-2013-14. In notice saws that a time deposit of Rs. 100000/- is noticed by I.T. Department in that A.Y. Now my Question is what should do now. The time of Return filing of A.Y.-13-14 has been passed away. Can assessee file a Return A.Y.-13-14 now because 31.03.2015 is ended?. What is the solution of this problem? Please answer any one. If he has taxable income in that A.Y. than can he file Return for A.Y.-2013-14? if yes than what will me mode of filing Return mannual or online? Will it not attract penalty ? And if he has no taxable income in that A.Y. than what should he do?

Follow Query

Report Abuse

Suhail A.Siddiqui (Expert) 22 January 2016
Although 2013-14 is time barred but u have received notice from Income Tax Department, in this case you can file manual/ onlin return.

Rajendra K Goyal (Expert) 23 January 2016
Raise your query in the CA Club of India.

KUMAR JAGADEESAN (Expert) 25 January 2016
Dear Santosh

As you have received a notice from ITO, you have to file a return online which the efiling site would facilitate. But if the net income during the year FY 2012-13 (AY2013-14) is within the taxable limit limit, then there is no necessity for filing the return. A letterto the ITO explaining the same would do. However make sure your letter also brings in clarification of Rs.1 lac time deposit and its chargeability or otherwise

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries