Please Help: incometax
Posted Date : 03-Apr-2013 , 07:27:11 pm | Posted By: Narayan Moulik
Category :
Income Tax | Answers :
1|
Comments :
0| Hits: 179
|
|
My friend filed his return for AY 2012-13 after due date i.e 31/03/2013, but forget to disclose the cash deposit in savings a/c exeed 10 lakh. now what should do.
please help me. thanks |
 |
|
|
Answers:
|
 Answer by: PRIYANKA |
| Dear narayan, in this case u must also be knowing that this return cannot be revised, rather , if it is not a nil return, then there is a possibility that penalty of Rs 5000/- u/s 271F would be levied for not fiing return on time. Now what u have mentioned in the question are the incomplete facts , either u can mail me the complete facts of the case, that what he has shown in his return, because just cash deposit of more than Rs 10 lakh in savings account does not in by itself shows that u have not shown some income in the return. It will have to be seen, that what he has shown in his return ( complete detail thereof ) along with complete detail of the above mentioned savin bank a/c, then only a way out can be told to u. if u want to mail anything, my mail id is: caguptapriynka@yahoo.com.
|
|
|
|
|
|
|
|
