07 May 2018
Sir, got notice us 148 on 30-03-2018. Filled ITR ay 2011-12 on 26-04-2018 under section 148. client sold agri land(ancestral) on 01-10-2010 for Rs 25 lac and purchased agri land on 04-10-2010 for Rs 23 lac. deptt. open e-preceding us 148 on 29-03-2018 and us 142(1) on 23-04-218 my query should we reply us 142(1) or us 148 because both show s pending? waiting for your kind guidance. regards vikas
07 May 2018
You have to give reply U/s 142(1). AO will communicate or issue further notice in case required. Once you have filed the return electronically it's fine and now it is expected that in onward procedings the AO will require the details in the manner he thinks fit.
CAclubindia
