Notice u/s 142(1)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 November 2017 I receive income tax notice u/s 142(1)and vide notice 148 for not filling IT return for FY 2009-10, AY 2010-11. I was collected old bank records. I found that one my bank which I was not give PAN no. and one another bank which I have given pan card, deduct TDS@10 on fd but both not deposit it to income tax department.
I want to know what is penalty I can face for not filling it return and what should I do above said case of not filling TDS by banks.

MK GUPTA (Chartered Accountant

MK GUPTA (Chartered Accountant (Expert)
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12 November 2017 Hi Dear
It is the responsibility of the bank to deduct and deposit the TDS.
Geting PAN is also Bank responsibility.
They could have deducted TDS @ 20%.
Now you need to verify the 26AS Form as to how much actual income was their.
Represent the proof of ur TDS deduction
Need to File return under the section u got notice
For complete details get me in touch at FCAMKGUPTALDH@GMAIL.COM