Notice u/s 142(1)

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..... My assesse have received notice u/s 142(1) for furnishing information/documents for return submitted u/s 44AD ,declaring income on basis of gross receipts Rs.3618290/- as per return of income for .....

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..... A.Y.2011-12 But as per bank deposits Rs.4764650/- there is discrepancy of Rs.1146360/- Assessing officer demands all purchases purchase sales bills. otherwise officer treat this discrepancy as un .....

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..... explained investment u.s 69 - Reply By Harish Chander Bhatia - The Reply = The only way is to establish that some of the receipts in bank account pertains to preceding previous year against credi .....

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..... t sales, otherwise file the revised computation or ITR and pay admitted taxes suo-moto to avoid further complications. - Notice u/s 142(1) - Query Started By: - RASIKLAL RANGANI Dated:- 6-2-2014 Inc .....

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..... ome Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.co .....

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..... m - TMI - TaxTMI - TMITax .....

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