Notice u/s 142 (1) of the income tax act 1961

HARISH

ADVOCATE

21 Points Joined July 2011

Originally posted by : uma CA Final
	hii friends, my client hs received notice u/s 142(1) mention the following matters: u are hereby required to prepare a true and correct return of your income / firms income in respect of which you are assessable under IT act.during the previous year the return should be in the appropriate form as prescribed in rule 12 of incometax rules 1962.it should be duly verified and signed in accordance with the provisions of sec 140. pleaase tel me what is the pblm ?? y they sent tis notice?? and now wat shall i do??

Mihir

Wealth Manager

5293 Points Joined December 2008

Check if any IT return is pending. If you have not filed previous years IT return, this is the notice for that; asking you to file your return at once.

Rampavan

Student CA IPC / IPCC

27 Points Joined December 2013

hi friends,

my client has got notice for u/s 142 (1) of IT act 1961. please guide and what can i do this problem?

Sumeet Lunkar

CA

48 Points Joined August 2013

Please ellaborate

amit bangad

article

124 Points Joined August 2011

i have received notice U/S 142(1), Containing Furnish in Writing & verified in prescribed manner the books of account in support of your return of income .... how i reply

The AO may serve this notice after the filing of return of Income u/s 139. There might also be a possibility that your Client's IT Return for the concern period has not been filed within the time period as given u/s139(1). The AO may also require the assessee to produce the relevant documents , accounts , etc as per his requirement to complete the assessment.

So if your client has filed the return , then just produce the required documents , etc or otherwise in case of non filing , file the return within the time given in the notice and produce the proof of the same along with the required documents , etc

ANANT

Service

156 Points Joined March 2007

The AO may serve this notice after the filing of return of Income u/s 139. There might also be a possibility that your Client's IT Return for the concern period has not been filed within the time period as given u/s139(1). The AO may also require the assessee to produce the relevant documents , accounts , etc as per his requirement to complete the assessment.

So if your client has filed the return , then just produce the required documents , etc or otherwise in case of non filing , file the return within the time given in the notice and produce the proof of the same along with the required documents , etc

tasneem shaikh

owner

21 Points Joined December 2014

i have received notice U/S 142(1), Containing Furnish in Writing & verified in prescribed manner the books of account in support of your return of income .... how i reply