Verification of refund - Calling for documentary evidence u/s 133

1. How much will be the penalty if i ignore this ?  I m under 30 percent slab. 

2. I had a refund of amount around 35000/Rs in the year of 2016/17, Today oct 2018 i got an mail asking to submit documents. I always do online on income tax site and couldn't see any notification there so where to send the documents ? 

3. From the post it says 
 a. Documentary evidence in support of deductions claimed under chapterV1 A of IT act
 b. Documentary evidence in support of house property loss
 c. Form 16 and written explaination
So can you explain what documents i need to submit ? I have bank interest rate statement. I was not staying during that time so i claimed the interest rate as loss. I was staying at rented house, the owner has left and i m no more in contact ?

Asked 1 month ago in Income Tax from Hyderabad, Telangana
You will have to pay penalty as Tax amount evaded + INterest +Penalty. 

1)In your dashboard, you will get an option "reply to notice" there you will get an option to attach also. 
3)a) In this you have to show the proofs of investments you made like LIC, PPF, Mutual Fund etc 
b) If you have house property loan interest then only you will get deduction. You have to submit photocopy of Amount paid 
c) Salary certificate Form 16 you have received from employer. 
Vidya Jain
CA, Kolkata
381 Answers
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Have you checked "For you action". Howver, if you want I can assit you in this. 
2. Yes, You have to give House Rent receipt. 
3. No, Bank provides Interest paid certificate.
4. Yes, you will have to pay penalty. 
You can contact me at jainvid15@gmail.com. 
Vidya Jain
CA, Kolkata
381 Answers
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Sir if you can send Notice copy to modani005@gmail.com then after checking the same we can answer the query. 

As per your posting we understand that the Officer has some doubts and he want to verify the details that you have filed like

1. Form 16, the Deductions like LIC, PF, other deductions claimed in IT Returns. Housing loan interest certificate based on which you have claimed loss. 

2. If there is difference then he will let you pay the balance tax. If the deductions claimed are found to be incorrect or you have done anything only to avoid tax the penalty can be lieved. No imprisonment.
Shyam Sunder Modani
CA, Hyderabad
1390 Answers
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Penalties shall be the amount of taxes evaded as increased by the interest.

You can submit proofs of
*deductions like LIC receipts, PF deposits etc. 
*Loan repayment details with interest bifurcations
*Form 16 issued by your company
Lakshita Bhandari
CA, Mumbai
508 Answers
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Hi,

In order to answer your query better, can you copy paste the content of notice here.

1. You can check for e-assessment proceedings section.

2. Yes, you need to file HRA related docs such as agreement, rent receipts etc.

3. Yes, it should suffice if it mention the interest amount. However, ideal document would be the final interest certificate.

4. It's only money penalty if you disclose everything in good faith.

We can assist you in filing reply for the above notice, if desired.

Please feel free to call/ revert in case you need more clarity.

Thanks and regards
Abhishek Dugar
CA CS B.Com
Caabhishekdugar@gmail.com


Abhishek Dugar
CA, Mumbai
1997 Answers
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