Non u/s 139(5) and 272(B)

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2010 Sir's My uncle receievd this notice from IT authorities with subject "Entering into financial transactions-non quoting of PAN u/s 139A(5) and 272B of the Income tax act 1961"
The letter is vague where is does not mention the finacial transaction but just the FY.where the PAN was not quoted and they got info through AIR, my uncle, he is not aware of any such transaction. a proforma is attached which is also a little vague becasue it askes to tick the relevent points asking about whether a PAN no. exists and then there is one point asking for the details of the Income tax return of that particular FY.

what should be done!
1) Should a reply be sent in the proforma!
2) Should we give them the ITR details of that year(which he did file before time)
or just send them the PAN card details.

I read an article where it said that this is the new way of the IT dept to harass tax payers by quoting that they have info through AIR.

Please help!!

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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24 September 2010 I think it is system error of IT dept. bcoz now days all It Offices are computerized no one can do any thing manualy so just go to the Income tax officer. Write him a simple letter about it that he did not do such transaction and encl.Copy of ITR and bank statetment( If Business Income) or Form 16 (If Salried Person)

Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2010 Sir, what if a transaction does exist, because the FY is 2 years back, he does not remember the transactions.

without the details provided by the dept. what should be the reply to the authorities!

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