09 November 2013
I have received a notice from income tax department for non filling of income tax AY 2010-11. But I have filed for AY 2010-11 and acknowledgment is available with me. So I can reply for this notice . But what my concern here is they have listed few of my credit card payment that had more than 2lakhs under the information code AIR-002 from FY 2009-10,2010-2011 and 2011-2012 and asked me to approve those transactions "relates to me " or "relates to other person I know (give Pan)**" or "Does not relate to me or other person I know ".
I am a salaried employee(Software Engineer ), I have been paying income tax since 2006-2007 FY to till date and I filled all the AY years since then. I received this notice one week back . But Few of my credit card transactions were made by my Friends and colleagues . But non of them ready to mention their PAN Numbers in this notice.
11 November 2013
If You have filed your Income Tax Return stating all sources of Income then, No Problem will arise against this Notice. You may state in the Reply to Income Tax Department that the person on whose behalf payments have made they are not ready to disclose their PANs. As you have used your money on which you have already paid Income Tax, there will be no other consequences will arise.
12 November 2013
Thanks for reply, I have replied for this notice yesterday morning . But I mentioned all the credit card transactions are relates to me (I mentioned this based on one of financial advisers form my organization). Let us see how it is going to impact.
11 December 2013
Last month I have identified from my e-A/c outstanding demand for AY 2010-11 with section code 1431a out standing demand amount 6540.I have never received such a notice in paper.I filed my IT returns for AY 2010-11 in paper.
11 December 2013
Last month I have identified from my e-A/c outstanding demand for AY 2010-11 with section code 1431a out standing demand amount 6540.I have never received such a notice in paper.I filed my IT returns for AY 2010-11 in paper. For the same AY 2010 -11, I have received a notice non filling income tax return on Nov 1st. So I replied with Acknowledgement on 10th November. Initially when I identified this out standing demand , I was in a assumption that non filling income tax returns notice and out standing demand from e-ac is same.
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=748092
14 December 2013
Section 143(1) means Intimation containing Computation of Tax Liability As Per Return Filed by you and Computation of Tax Liability As Per Income Tax Department & Section 143(1)(a) means Demand Payable if any after processing of Income Tax Return by I.T. Department