05 August 2013
department has sent a letter to a person questioning the reason for not filing the ITRs in the previous years as they has noticed some if the significant transactions during those periods.Now i want to ask what can be done regarding this.At the most i can file ITR of two years.Assessee is asked to reply within 10 days. pls suggest what should be done ??
06 August 2013
If the income of the assessee was less than the maximum amount not chargeable to tax, then the same can be the reason for not filing the return.
CAclubindia
