Notice under sec-142 (1)

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kusum khurana (Querist)
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27 July 2013 dear all,

I have recieved notice under sec-142 (1) dated 16th july 2013 in connection with a/y 2010-2011. they want me to fill true and correct return. but I have submitted it already and assesses also. I want to know what steps should i take. If I fill the return again then there will be penalty of 5000. and if not then they will send me other notices also. what should I do now, how the reply be given?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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27 July 2013 Don't worry you write a letter to the AO from where you received Notice indicating your return filing details in such letter and also enclose a copy of return filed acknowledgement to such letter. In such letter must and should be indicate the Reference of section 142(1) notice.

OM SAI SRI SAI JAI JAI SAI

kusum khurana

kusum khurana (Querist)
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27 July 2013 but they want a correct and true return again. please tell me how and in what way I should reply so that they will not issue another notice to me. as I had submitted the return for 2009-2010. online. and the department know this very well. I also submitted the other year's returns also in this way. but they have issued notice for a/y 2010-2011 only, why? please help.

thanks

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Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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29 July 2013 For all the assessees commonly department shall issue notice as file a correct and true return for those who already not filed the return at the time of they preparing of notice. You are saying you filed your return of income for 2009-10 through e-filing so for that year effects of online may not be proper so as per the departments records it seems to you not filed any return so for that purpose they asked you file a return. So you already filed that so i suggest the above as in my above reply.

However as well as due to the any information to the department regarding any financial transactions which would be liable for "Annual information return(AIR)" then also they issue such above type of notice, so first of all you confirm is any financial transactions which related to AIR reported by the assessee during such noticed issued year.

In any way once return submitted again we didn't have to submit return as original status, So my suggestion is first do what is say in my above reply and wait for the departments action or reply then we take further step based on their action.

But don't worry regarding such notice ALL IS WELL. Good Luck to You.

OM SAI SRI SAI JAI JAI SAI

kusum khurana

kusum khurana (Querist)
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29 July 2013 ok, thanks a lot. I will do as you say.