12 April 2016
I have not filed the for AY 2014-15 because income was only 3 month salary which was around 2 lakhs. i have done some FD , Share trading in that financial year. Day before yesterday i got notice from income tax department. In the Compliance query they are asking about Fixed Deposit, Share Trading and credit card payment. What to do? I am unable to understand what is this?
12 April 2016
Before filing the compliance query response, read the following article and it is advisable that consult a tax professional for submitting the the response.
12 April 2016
Thank you sir for your expert reply on my query and a special thanks for so informative article which has cleared my all doubt. Thanks once again
12 April 2016
There are several information which are cause for income tax notice for non filling of income tax return for that particular year which are as below CIB-403 – Time deposit exceeding Rs 2 lakh Cash deposit above Rs. 50000 TDS return – Interest other than Section 194A Credit Card payment more than Rs 2 lakh CIB-321 Share transactions Rs 20000 CIB-184, CIB-411 TDS-92A, TDS-92B (TDS return salary to employee), TDS 94A TDS return – Insurance Commission CIB- 183 Time deposit of Rs 100000 CIB-410 cash deposit aggregating of Rs 200000 Transfer of Immovable property Interest in Bank exceeds Rs 50000
12 April 2016
The income tax department has been capturing information on financial transactions /activities relating to you through Non-filers Monitoring System (NMS). If your transaction / activity come in under it you will receive the notice.
12 April 2016
For submitting the compliance query response you can contact any good Tax professional, you can search it in google as per your area and convenience.
12 April 2016
Mr. Murtaza Bhagat is also correct. Detail list of it you can find in my following Article: https://www.caclubindia.com/articles/understanding-of-compliance-query-of-income-tax-department-26620.asp
12 April 2016
Abhishek Sir, As per Google search i found your firm ARS Solutions on top. I am sending my Details in email. My request to you please file it personally. Thanks Once Again
12 April 2016
My AY 2015-16 Income tax return is also pending? Sending my form 16 also please find the return for also. Revert me if any thing else required.
12 April 2016
For Income tax return filing General Information Form and required documents details also email to you. Revert us with Filed General Information Form and other documents.
13 April 2016
No I have wrote his father's name with spelling mistake. I was over exited to appreciate and write his middle name instead of first name...!!! but proud feeling for a father who have son like " Abhishek sir".
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