Bank Head Office has done incorrect other sources of income
This query is : Resolved
31 March 2021
On 29-03 Income tax dept sent my spouse a high value transaction saying other Sources of income is 12lakh for fy 19-20 .However when i checked details i found out whatever her original reported source of income i.e 4 lakh which is interest income from deposits they have replicated the same in 2 savings bank account under SB interest.This is just baffling to me.she hardly had 3000 rs in 1 of the savings account and another savings is dormant.The 4lakh other sources of income that came was reported accurately by her and tax was also paid.she responsed to to e campaign message indicating 2 values of 4 lakh each in SB accounts is just duplicates of deposit interest and denied it on the portal
If they validated and remove those 2 incorrect entries then her originally filed ITR becomes accurate.
Pls advise in such a case that even though these extra incomes(4LAKH *2)she have never earned and they simply showed it up against SB account and seems a reporting error either by bank or by IT Dept do i have to file revised ITR?.
If they validated and remove those 2 incorrect entries then her originally filed ITR becomes accurate.
Pls advise in such a case that even though these extra incomes(4LAKH *2)she have never earned and they simply showed it up against SB account and seems a reporting error either by bank or by IT Dept do i have to file revised ITR?.
31 March 2021
You have done correct action. IT dept sent partly faulty communications for few. you can just respond denying it and ignore if information given by Dept is not correct.
Message likes :
1 times
31 March 2021
Thanks Ganesh Babu..Apart from actions taken on e-campaign portal I have documents of SB Account for FY 2019-2020 FOR my spouse that shows income not more than 3000 INR and another account is dormant.Can we expect IT Dept to fix that after due verification from their end?
31 March 2021
All these e campaigns are auto generated directly from information submitted by banks, all denied transactions probably reverted to bank for further verification and will be settled accordingly and mistake will be rectified there.
from assesse point of view just respond with facts available to you honestly is what we need to do, nothing more needed from ourside
from assesse point of view just respond with facts available to you honestly is what we need to do, nothing more needed from ourside
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
