Subject : Non filing of income tax return – reg

Madam/Sir, Subject : Non filing of income tax return – reg 1. The income tax department has received information on financial transactions activities relating to you. A list of some of the information for financial year 2012-2013 is provided below. As per records you do not appear to have filed income tax return for assessment year(s) 2013-14. 2. You are requested to furnish your response in the compliance module on the e-filing portal at “https://incometaxindiaefiling.gov.in” . If you are not registered with e-filing portal, use the “Register Yourself” link to register. The response to this letter has to be submitted electronically by clicking on the “Compliance” link after logging into the e-filing portal. You may keep a printout of the acknowledgement of submitted response for your own record. 3. A copy of the acknowledgment is required to be submitted to the office of the undersigned within 20 days of receipt of this letter failing which appropriate proceedings under income tax act, 1961 may be intiated. Information summary for PAN - XXXXX S No. F.Y. Information Code Information Description 1 2012-13 STT-01 Purchase of equity shares in a recognized stock exchange. 2 2012-13 STT-02 Sale of equity shares (settled by the actual delivery or transfer)in a recognized stock exchange. Details od transaction in TDS/TCS return can be viewed on income tax website https://incometaxindiaefiling.gov.in. Click on ‘View Tax Credit Statement (Form 26AS) “in my Account” However, I have selected 1 - Filing on Income tax return - NON filing of income tax return - NO taxable income (AS my income was below threshold level. But, the second tab says 2 - Related information summary 2012-13 - STT-01 - Purchase of equity shares in a recognized stock exchange. - Options given are • Self investment/expenditure is out of exempt income • Self investment/expenditure is out of accumulated savings • Self investment/expenditure is out of gifts/loans from others • Self investment/expenditure is out of foreign income • Self income from transaction is exempet • Self income from transaction is below taxable limit • Self income from transaction relates to different AY • Self –Not known • Other PAN • Not known • I need more information WHICH OPITON I NEED TO SELECT Similarly, 2 2012-13 STT-02 Sale of equity shares (settled by the actual delivery or transfer)in a recognized stock exchange. Again the opitions are same • Self investment/expenditure is out of exempt income • Self investment/expenditure is out of accumulated savings • Self investment/expenditure is out of gifts/loans from others • Self investment/expenditure is out of foreign income • Self income from transaction is exempet • Self income from transaction is below taxable limit • Self income from transaction relates to different AY • Self –Not known • Other PAN • Not known • I need more information WHICH OPITON I NEED TO SELECT But, the amount was given my kids for saving. But invested in Shares (NSE and BSE) But, for the current final notice - NO short term income is generated below 2 lakhs tax slab Would be very helpful. If you can answer my query with reasons. Thanks & Regards, MANI