Fake Challan in ITR by Loan Agents
This query is : Resolved
29 May 2024
Respected Experts,
One Client approached me with a Intimation Notice of 143(1) with a Demand Raised for 88K pertaining to AY 2023-24.
Actually, the Client has filed an Original Return with 490K as Net Income and NIL Tax
Whereas while applying loan, the bank agents filed an Revised ITR with Tax Liability of 88K and Filed with Dummy Challan.
Now the Demand Raised for the 88K Tax Liability,
The Client doesnt aware of this and asked me to resolve the same.
I try to file an Updated Return U/s 139(8A) by reducing the Liability as Zero.
But the ITR Filing is not allowing me to file since the liability is less when compared to previous return.
My Question is;
Since the Client doesnt aware of this issue, kindly suggest how to resolve this.
Request your valuable advise
if necessary will provide the file and pay necessary fee.
thank you !
One Client approached me with a Intimation Notice of 143(1) with a Demand Raised for 88K pertaining to AY 2023-24.
Actually, the Client has filed an Original Return with 490K as Net Income and NIL Tax
Whereas while applying loan, the bank agents filed an Revised ITR with Tax Liability of 88K and Filed with Dummy Challan.
Now the Demand Raised for the 88K Tax Liability,
The Client doesnt aware of this and asked me to resolve the same.
I try to file an Updated Return U/s 139(8A) by reducing the Liability as Zero.
But the ITR Filing is not allowing me to file since the liability is less when compared to previous return.
My Question is;
Since the Client doesnt aware of this issue, kindly suggest how to resolve this.
Request your valuable advise
if necessary will provide the file and pay necessary fee.
thank you !
30 May 2024
The issue can be resolved only if the loan agent accepts his interference in the ITR filing.
30 May 2024
Respected Sir,
Many thanks for your valuable advice
Kindly advise, do we need to ask the loan agent to send a letter to ITD on the same
Or What should be done to resolve this
Because the loan agent also known for me
He is telling basis the client's approval only we have done this.
Many thanks for your valuable advice
Kindly advise, do we need to ask the loan agent to send a letter to ITD on the same
Or What should be done to resolve this
Because the loan agent also known for me
He is telling basis the client's approval only we have done this.
30 May 2024
Unless he accept it as his misdeed, and not as per clients approval, how can you get it rectified from ITO?
30 May 2024
So can you advise what is the detailed procedure to resolve this sir.
30 May 2024
Contact ITO and discuss the issue, take his/her advise to sort out the issue.
30 May 2024
Will it be a problem for me ?
Since I only filed the Returns
Basis the challan provided by the agents side
I'm not aware of the challan is a fabricated one.
Since the IT filed basis my IP address
Since I only filed the Returns
Basis the challan provided by the agents side
I'm not aware of the challan is a fabricated one.
Since the IT filed basis my IP address
30 May 2024
Yes, all the involved agents/site owners would be interrogated and could be in trouble.
30 May 2024
Sir I need to get out of this trouble
Because It was not a willful fault from my end.
Can you advise what needs to be done to safeguard me
Because It was not a willful fault from my end.
Can you advise what needs to be done to safeguard me
30 May 2024
As you have not filed ITR you are out of the issue. Better to close the issue by payment of IT demand.
31 May 2024
i dont think you get to claim fraud if you yourself filed the return without ever paying the tax. Unless you paid this 88K to the agent, who instead of paying it to government, gave you a fake challan, no income-tax officer is going to give you any relief here.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
