16 April 2022
in ais some interest transactions marked as expected. my CA saying not required to do anything no feedback ignore because we provided all correct info of interest in return.
is that okay to not provide feedback? on it dep website it says if marked as expected you are required to provide feedback.
should i mark those as [Information is correct] or [Information is denied]?
16 April 2022
sir but in AIS portal says: if any transaction marked as Expected you are Required to provide feedback that is why i am saying.
i had received message saying High Value Transactions were identified under e-campaign.
should i mark those as [Information is correct] or [Information is denied]? those transactions were mentioned in interest header in return. what correct option to choose?
16 April 2022
before posting here i marked some transactions as [Information is correct] what should i do now? i did that only because portal said [required] for [expected] transactions and i thought that feedback mean my itr is correct.
https://www.livemint.com/money/personal-finance/what-does-income-tax-notice-for-high-value-transactions-imply/ : “On receiving such an intimation, the taxpayer should provide their feedback, even in cases where an income tax return has been correctly filed. A preliminary response will enable the tax department to resolve queries and avoid any future notice and scrutiny. Guidance on filing a response is available on the compliance portal under the ‘resources’ tab," said Agarwala.
16 April 2022
sorry confirming again by leaving few transactions with [Information is correct] and other with no feedback will not create problem like scruitny or notice? do not want to have any problems
CAclubindia
