Notice received after submitting itr for fy 2014-15

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

28 May 2017 my brother has business income in FY 2014-15 and also received interest income. He has filed ITR 4S in FEB. 2017 of FY 2014-15 and in ITR He shows business income and income from other soures i.e. Interest from FDR. But on 27/5/2017 he got a notice from IT department regarding time deposit more than Rs. 2,00,000/-. He also made a deposit of Rs. 5,00,000/- in FY 2014-15. When he Filed ITR For FY 2014-15, then why he got notice from IT department ? Please tell me what reply should be given to IT department in this regard?

Vidya Jain

Vidya Jain (Expert)
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28 May 2017 Hello,
The person who have deposited more than 2,50,000 is receiving the notice. You have to specify the source.If you want I can do so at a nominal fees.

Expert : Anonymous

Expert : Anonymous (Expert)

28 May 2017 Those person who deposit more than Rs.250000 in their account between 9 Nov to 31 Dec are receiving this notice even u have filed your return. You will reply it by following simple procedure given on income tax e filing site or you may whats app me on 9462938099.

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