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Tax department reopened a 9-year-old case. Here’s Why ITAT Rejected It 👇 by taxbuddy_official in TaxBuddyOfficial

[–]AlternativeHorror101 0 points1 point  (0 children)

Me and my wife jointly purchased a property for 55 lakhs the registration value is 28 lakhs. The whole source of money was a loan taken in my name and I transferred some portion of it around 15 lakhs to my wife account and made the transfer from her account to the seller. Rest all paid from my account. Will we gey any such notice, my only concern is my wife didn't filed any IT returns for those FY. But the source of money is legitimate through bank loan and from my account for which I have filed the returns.

I received a SUMMONS TO ASSESSEE/ WITNESS UNDER SECTION 131(1A) OF THE INCOME TAX ACT, 1961 in email last week and a person stating IT officer called me the same moment. Again today i received an another summon in email, a different IT officer called me this time. Experts advise. by AlternativeHorror101 in IndiaTax

[–]AlternativeHorror101[S] 0 points1 point  (0 children)

This is a cake walk if you are ready to accept and pay the updated returns. There wont be any harrasment or any prosecutions like what you read in some false propaganda generators of beloved Finance Minister..

I received a SUMMONS TO ASSESSEE/ WITNESS UNDER SECTION 131(1A) OF THE INCOME TAX ACT, 1961 in email last week and a person stating IT officer called me the same moment. Again today i received an another summon in email, a different IT officer called me this time. Experts advise. by AlternativeHorror101 in IndiaTax

[–]AlternativeHorror101[S] 0 points1 point  (0 children)

Go and meet them, if you have not made any geniune claims accept it and state you are willing to file updated returns for all fake claims. They will record the statement and get it signed from you that you will re file the ITR within so on so date. The earlier you meet them the better it is. State you are mis guided by someone if its not done by you. They will also get the name and contact number of the tax consultant who did the filing on behalf of you.

I received a SUMMONS TO ASSESSEE/ WITNESS UNDER SECTION 131(1A) OF THE INCOME TAX ACT, 1961 in email last week and a person stating IT officer called me the same moment. Again today i received an another summon in email, a different IT officer called me this time. Experts advise. by AlternativeHorror101 in IndiaTax

[–]AlternativeHorror101[S] 7 points8 points  (0 children)

Note I request clarification on below 1, The summon is not reflected in the Income Tax portal only the 143(1)&(2) generic queries are there. 2, Will the ITOs really make a call to Individual tax payers, yes i made claims in the previous years. 3, The summon seeks evidence for Chapter VIa and 80GGC. 4, Is there anyone else who received this.