Notice under 142 of Income tax act
Querist :
Anonymous
(Querist) 18 March 2010
This query is : Resolved
My mother aged 65 received a notice under 142 of IT act , She has Just 1 Lack Fixed Deposit and she gets regular Interest on that, She has PAN card for Last 5 Years not filed any returns, because she hardly make Rs.8500/yr , in such a context what is the meaning of this notice u/s 142 of Income tax act?
A V Vishal
(Expert) 18 March 2010
Off late, the department is issuing notices to all persons holding PAN numbers, so, it must be in routine that your mother might have received the correspondence. Since the only source of income is interest, which is less than the limit exempted from tax, attend before the ITO and explain him the facts. In any case file an ITR-1 along with the copy of the notice at the local IT office.
Kumar Thadhani
(Expert) 18 March 2010
Your mother must received notice u/s 148 of the I.T.Act 1961 and not notice u/s 142 of the I.T. Act 1961.Since you are not filing Return of Income the must have asked to file Return of Income, since you say that you areholding PANo. since 5 years.This notice is issued as a norm from the I.T.Department.
A V Vishal
(Expert) 18 March 2010
Mr KUMAR
WHAT IS NOTICE U/S. 142 & U/S.148, CAN YOU PLEASE EXPLAIN IT TO ME.
Vineet
(Expert) 19 March 2010
Issuance of notices u/s 142 or 148 calling for returns is not a norm and these provisions are excercised with due care.
If your mother has received a notice u/s 142 calling for return, department might have some information on record (rightly or wrongly) regarding certain transaction.
Please check at your end whether your mothers name has been used in transaction involving immovable property etc. In any case comply with the notice a file a return in ITR-1 as suggested with Mr Vishal. You can also write a letter to issuing ITO explaining the facts so that he does not initiate any further action if he has been proceeding under wrong information.
