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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 October 2014 Default was transcation in savings account over Rs.10 Lakhs for 2 consecutive year 11-12 & 12-13.For 11-12 bank report it in AIR and dept issued notice u/s 142.However for FY 12-13 it presumably bank does not report because in 26AS no such transcation is
reflecting and secondly till to date dept has not issued any notice.Now what expert suggest if assessee doen't fill return for AY 13-14?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 October 2014 irrespective of what is reported in AIR or not, you are required to file return as per provisions of section 139 only. So check whether you are required to file as per section 139 or not.