Please Help: Income Tax
Posted Date : 11-Feb-2013 , 04:05:32 pm | Posted By: Nerissa
Category :
Income Tax | Answers :
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My mother has recieved a income tax annaexure u/s 142(1) for cash transaction done in 2009 in her account these relate to a property sold in my name and the same was invested in a property purchased by my brother my mother is no where a joint holder in the properties the acount is a joint account with my father and brother can u suggest a way out |
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Answers:
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 Answer by: Mrattunjay |
| Problem basically not fully understanble to me. But what i understand on that basis reply as under:
1. There is clarification required to Income tax deptt. for cash transaction.
2. If cash transaction had made more than prescribed limit: need to explanation with supporting: no issue to show clear information.
3. this is general procedure of tax deptt. ,not to worry for the same.
4. consult any CA for your help: no big problem to solve in prescribed manner.
If your query not solved yet, please come again with more information, so that proper reply can be given to you.
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| Comments |
| Posted By : Ashish Dalmia |
12-Feb-2013, 12:05:24 |
| well so what i can conclude for the fact is the your mothers account was utilised in these dealing and accordingly IT DEPT gave a notice u/s 142(1) to file her RETURN OF INCOME
so there is nothing to worry
u file her roi under the respective form(like its a capital gain transation manually. u will get the form online or purchase the from of ASSTT YR 2010-11
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