Did you reply to the letter. If you want I can help you
Income tax letter came in my house
my mother is house wife ... an father is astrologer an my father didnot pay tax till now .... my father thinking is old for that y ..... so now my father deposit 6.lakhs during denomasation .... now a notice came ..... so sir any idea how to get out of the situation
Asked 8 years ago in Income Tax
NO NOT YET wat i have to do i donot know
Asked 8 years ago
Can you forward me the letter at my email ID jainvid15@gmail.com
Sir,
This Notice you need to answer and for that justification need to be provided that this deposit is out of total savings and income earned during current year.
Also ensure that you file return of this year showing all the cash deposit other than deposited in demonetisation as income and add 2,00,000 into it. Rest 4,00,000 you can say its out of family saving.
but they asking for 2015-2016 it file but due date is over how i can
Asked 8 years ago
You can still file return for 15-16 f.y. till 31.03.18
In response to notice you can file the return
Hi,
You have time till 31-Mar-18 to file IT Returns for FY 2015-16.
Also, it would be better if you reply to the Income Tax Notice as soon as possible. I suggest you to take the help of a good CA in your area in this regard.
No problem you can support your claim that the Income for any years was below taxable limit .
FY 2015-2016 (AY 2016-2017) Income tax returns can be filed manually or online.
If there is some confusion in FY then please send us the notice if any received from department (modani005@gmail.com)
Dear Sir,
Firstly, you have to decide what is the source of income of INR 6 lacs and why that amount were lying in the house and not deposited into bank earlier.
Further, we would need the copy of letter to understand the situation better.
Please feel free to call/ revert in case of any doubts
Thanks and Regards
Abhishek Dugar
CA CS B.Com
Hello Sir,
You can reply to the notice by giving them the information as to how and when have you received the funds and they had to be deposited because of the scheme.
Thanking You.
Hello Sir,
You can reply to the compliance by saying as to from where have you received the funds, is it from past savings or your income from the current year.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
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