Hi, I would like to get an advise from income tax experts on this forum. Below is the situation,
I have received a notice 148 for AY2011-12 (financial year 2010-11) in month of May 2018, for not filing income tax return. After the discussion with ITO, I have filed it online in June 2018. Now I have received another notice 142 to furnish the supportive document. Also I would like to add here, I was out of the country for entire financial year I.e 2010-11 and ITR was not filed to avoid double taxation. I only received interest from the bank on that period and 10% was automatically deducted by bank. Interest was around 40000 and 4000 was paid as TDS.
My questions are
(1) notice 148 is issued after 7 yrs , I think at first place, it s not valid, correct me here if I wrong. (2) Second do I need to follow instructions given in notice 142?
Appreciate your valuable inputs. Thanks in advance.
CAclubindia
