I am from India. I haven't filed IT Return for the year 10-11, 11-12 & 12-13. 2-3 days back I received a notice that Income Tax department has received information or financial transaction activities relating to you. As per records you do not appear to have filed Income Tax return for the year 10-11 & 11-12. You are requested to furnish your response in the enclosed performa to the undersigned by the post within 10 days.If no reply is received it will be inferred that you haven't filed IT return for the year mentioned above & proceedings under IT Act 1961 may be initiated.
What should I do now? How to reply the notice? What are the consequences of this? What should be done now to avoid any problems?
03 April 2013
Best solution is to respond to the notice at the earliest with appropriate reply. Without having facts of the case we can not comment any thing. But in general we can say that if you did not have any Income which is Taxable or Income was below exemption limit than you need not worry. Just reply suitably. Non-compliance with notice will attract penalty.
03 April 2013
Best solution is to respond to the notice at the earliest with appropriate reply. Without having facts of the case we can not comment any thing. But in general we can say that if you did not have any Income which is Taxable or Income was below exemption limit than you need not worry. Just reply suitably. Non-compliance with notice will attract penalty.