24 July 2012
Dear sir I am received a letter from Director of Income Tax (Intt. & Cr. Inv.) regarding non quoting PAN u/s 139A(5) & 272B of IT Act for the financial year 2010-11.The Brief Facts of my Financial Transactions are following. * In the F.Y 2010-11 I am cash deposit Rs. 3449000 in my saving bank account and Rs. 2317000 are deposit through cheques * I am not a Income tax Assesse but I am Pan Holder * I am a agriculturist and my family total income from agriculture is Rs 15 Lac per year * The above cash which is deposit in bank received by sale of a piece of urban agriculure land, but I am not a owner of this land , I am only special power of attorney holder of this land, i have only right to sale of this land . This land was given to me by my relative (Mosa) in blood relation. There is no documentary evidence of this land, how to given to me. The Question arise above Facts are:- 1. If I file income tax return for F.Y 2010-11 relative to A.Y 2011-12, what source of income i shown in ITR for Above cash deposit Transations. 2. Is i shown long term capital gain of sale of agri. land. (which I am not owner, but I use sale Consideration) 3. I am remaining 5 acre agriculure land, which i am not owner , but I want to sale in future, for sale in future how i show my income Thanks