31 January 2014
I have recevied an letter from IT authority seeking reason why i have not file return in A.Y years mentioned in subject. In A.y 10-11 income was taxble but same in A.y 11-12 is under exemption limit. what should i reply to IT authorities & proceure for filing return now. is it possble ?? wht is the penatly for same? Tax liable for A.y 10-11 comes around Rs.4000
31 January 2014
You pay the tax with interest u/s 234A. Give the reason that in your opinion the income was not taxable and is also below the advance tax payment limit. Anyhow you have paid the tax with interest.
Now. you file the return physically.
You have not stated under which section the ITO has given you the notice and what is your income.