Hello,
One of my relatives got a tax query for AY 2022-23 for some FD investments. The point here is these FDs were made in past financial years and dont belong to AY 2022-23. There was no new / fresh FD was made in AY 2022-23.
So far as I know, for past investments, the query needs to be issued for the past AYs, not the current AY. Current AY only concerns with investments made in the current AY. So believe the query is invalid.
If someone can please clarify this, it would be great.
CAclubindia
