Return filling
This query is : Resolved
05 September 2013
Dear sir,
my friend who is working jointly his father's business and does not have separate legal income. but he is an active investor in share market from the last 3 years.
now today the Notice of Income came : regarding [ transaction of 20k or more in shares for FY 2009-10 , ]
his total buy sell never reached more than 1 lac. and eventually he had a loss in share market .
that's why he didn't filled the income tax return .
now what he answers to the income tax officer ?
my friend who is working jointly his father's business and does not have separate legal income. but he is an active investor in share market from the last 3 years.
now today the Notice of Income came : regarding [ transaction of 20k or more in shares for FY 2009-10 , ]
his total buy sell never reached more than 1 lac. and eventually he had a loss in share market .
that's why he didn't filled the income tax return .
now what he answers to the income tax officer ?
05 September 2013
It looks like the AO has sent improper notice but you have to consult professional to represent your case better.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
Trending Online Classes
CAclubindia
