Notice under Section 142(1)
Amit Agrawal (Business) (67 Points)
08 September 2007Amit Agrawal (Business) (67 Points)
08 September 2007
Late CA Sampat Jain
(Chartered Accountant)
(4772 Points)
Replied 09 September 2007
madhusudan
(Professional)
(267 Points)
Replied 10 September 2007
R.K. Gupta
(Advocate)
(27 Points)
Replied 25 March 2009
One of my clients received noticeU/s 142(1)of the Income Tax Act 1961.He is agriculturist and has no any other income.Last year he sold 1/4 of his agriculture land for rs.37 lac and deposited this amount intobank. He invested this amount again agricultural land. Let me know what reply should be given of the said notice ?