Share transactions

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2014 I am a retired professional. I engage in share transactions and the total profit/loss do not result in any income tax leviable to my account. I also do not have any other income. Therefore I have not filed any IT returns for the same since I retired (2006). I have just received a notice from the IT dept for FY 2009-2010 questioning me regarding my IT returns for share transactions done of Rs 20,000 or more. Kindly suggest what should I do?

Arun Biyani

Arun Biyani (Expert)
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31 January 2014 please write a letter addressing the officer from you have received letter stating that since you did not have any taxable income, tax return is not filed and submit it..

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