Non filing of itr deposit in cash aggregating 2lacs with bank
kishore mallela
(Querist) 24 October 2015
This query is : Resolved
My name is Kishore Mallela. I am working in an private organization and my total salary is 2.5lacs per anum. My father is a self employee works as a real estate mediator and earns upto 1.5 lacs per anum. My mother is a house wife.
My query is in F.Y 2012-13 total cash deposits in my mother bank account exceeded 2lac rupees. We got a notice from IT dept in this mater and they want us to reply in 20days. As my mother has not earning nothing how to file ITR in her account, what has to be shown as her income. The total deposited amount is purely from my father and my incomes and cancellation of a term deposit and deposit that amount in other bank account.
Please tell me how to reply to IT department and what option has to select in compliance in e-filing site.
Thanking You Sir
Anirudh
(Expert) 24 October 2015
Dear Mr.Kishore,
Please appreciate, how to reply to the IT Department has to be decided after going through the complete details. Whatever details that you have provided is not at all enough.
These notices are being issued by the IT Department in view of their strategy to widen the tax base.
Therefore, please approach a Chartered Accountant nearby or a tax lawyer in your locality, discuss things with him and then act accordingly. At the time of answering the IT Department with regard to your mother, please also try to take care whether such reply will have any implication in regard to your father / your Income tax as well.
As the time given by the IT Department is very less, you have to act fast without wasting time.
P. Venu
(Expert) 25 October 2015
Does your father file IT returns?
K.S.Srinivas
(Expert) 25 October 2015
Consult the Taxa Consultant and submit reply to the I.T.Depet. Notice.
Rajendra K Goyal
(Expert) 27 October 2015
Consult / discuss with local tax consultant.
T. Kalaiselvan, Advocate
(Expert) 31 October 2015
As advised by experts, you may consult an auditor n the local or a tax consultant for further solutions.
prabhakar singh
(Expert) 31 October 2015
VISIT FOLLOWING WEB PAGE AND THEN TO A LOCAL CA.
https://www.tin-nsdl.com/air/anninforeturn.php
