Can anyone provide me the letter of Nature of Business / Sources of Income to be submitted to Income Tax Department as an reply to notice under 142(1)???
09 December 2013
Simply you may write a letter by addressing to the concerned AO. 1. Nature of Business : Write the business activity , which was being carried by the assessee. If he is a trader, mention the activity as Trading in....... 2. Source Of Income: See the heads of income in the computation of income. . Conclude the letter by Thanking the AO. .
09 December 2013
Sir, do you have the copy of the same. As, I need some expert language in the same. We are service provider in hair replacement and hair regrowth.
09 December 2013
Sir, do we need to take the print on letter head or simple white page will do???
I have written a letter can you plz just check the same and let me know if any corrections are there???
Date : 09th December, 2013 To, Mr. ABC, The DY. Commissioner of Income Tax
Respected Sir,
Sub: Notice under section 142(1) of the Income Tax Act – 1961 for A.Y. 2012-13
With respect to the notice as mentioned above, we would like to introduce ourselves to you. Our Company’s name is ABC LTD. (PAN No. AAAAA0000N) formed on the 32nd day of January 2011.
We are mainly dealing in the Hair Replacement and Hair Re-growth section. Our main source of income is linked to our various services provided to our client related to the section above. We are mainly operating through our 6 branches all over India (details of which are submitted separately).
09 December 2013
You may write on the letter head also. . You may adopt the following changes in your letter-
With respect to the notice as mentioned above , we would like to furnish the details as follows-
Assessee: ABC LTD. PAN No. : AAAAA0000N Date of Incorporation : >>nd day of January 2011. Nature of Business : We are mainly dealing in the Hair Replacement and Hair Re-growth business through the network of 6 branches located at various places in India.
Source of Income : Our main source of income eminates from the services provided by our branches to the clients in the field of Hair Replacement and Hair Re-growth business.