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Air information

SSG (1936 Points)

25 January 2018

Where we can find AIR information online, relating to a particular A.Y.? Please advise.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183108 Points)
Replied 25 January 2018

Form 26AS For Assessee

nsdl.com/TIN/JSP/air/AIRFilerViews For Filers..

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SSG (1936 Points)
Replied 25 January 2018

Sir, no information is showing in Form 26AS of the assessee. He has received notice regarding non-filing of ITR for AY 2011-12 and 2012-13. The ITD notice has mentioned about deposit of Cash of Rs. 10 lacs and more in a Savings Bank Account in both these years. The same questionnaire is available on the assesse's account on income tax portal. But no info. is available in 26AS. The assessee doesn't have savings bank for those years now and has closed that account in 2014-15. Now, he has been filing ITR from AY 2016-17.

Please guide.

Krishan kant (student) (600 Points)
Replied 25 January 2018

take the bank statements for relevant period from bank

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183108 Points)
Replied 25 January 2018

PART E – Details of AIR Transaction :::

Sr. No.

Type of

Transaction

Name of AIR Filer

Transaction

Date

Single/Joint

Party Transaction

No. of

Parties

Amount

Mode

Remarks

No Transactions Present

Notes for AIR :

1. Due date for filing Annual Information return by specified entities (Filers) is 31st August, immediately following the FY in which transaction is registered / recorded. This section will be updated after filing AIR.
2. Transaction amount is total amount reported by AIR filer. It does not reflect respective share of each individual in joint party transaction.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183108 Points)
Replied 25 January 2018

Check Form 26AS of the particular assessment year. It must be there.

Secondly, when department has sent notice based on AIR reports....... means it must have been transacted, no doubt about it.

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SSG (1936 Points)
Replied 25 January 2018

Sir, there is nothing showing in Table E in form 26AS. The assessee doesn't have the details of actual cash deposited during 2010-11 and 2011-12, nor does he have the savings account no. with him.

Since his income was below taxable limit, he had filed ITR for AY 2011-12 and 2012-13. Now how to reply regarding the cash deposited? If we reply that the source of cash deposited is from cash sale receipts, what will be further implications? Or we should opt for accumulated savings from earlier years. Can multiple answers be selected for the reply? Please guide.

Further I wonder why the ITD wakes after up so long. Why no notice in the immediate next year or so?