It notice for 15g submitted in bank
santosh
(Querist) 03 April 2016
This query is : Resolved
One of my client received a notice from Income Tax Deptt. asking reason for submitting 15 G Form in Bank though have 5 Lakh FD in Bank.The I.T Deptt. requested for furnishing information regarding all Investment for F.Y.-14-15 & F.Y-2015-16.My Client is a farmer & doing a labour job in daily wages basis.He has an F.D. invested in the year 2006 of Rs. 290000/-.He has Agriculture Income & Other Income ie. wages of labour work.Besides those he has F.D. Interest of FD of Rs. 500000/- which has become after renew of F.D of Rs. 290000/-. Now what to do now? Please provide formate of Letter of Reply of Notice and what to say in Reply?
Devajyoti Barman
(Expert) 04 April 2016
formats or samples are not supplied here.
Rajendra K Goyal
(Expert) 04 April 2016
Formats / drafts not provided in this section.
M V Gupta
(Expert) 05 April 2016
As required in the notice issued by the IT Dept, reply to them providing details of the income for the Asst years mentioned in the notice. provide the details of the agricultural income and other incomes clearly in ur reply. Agricultural income is exempt form income tax. U may reply in ur own way. There is no prescribed form for the reply.
R.K Nanda
(Expert) 05 April 2016
no fixed format.
Dr J C Vashista
(Expert) 09 April 2016
Consult a local CA/lawyer practicing in IT.
