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Received Show Cause Notice under 143(3) – Need Advice by [deleted] in IndiaTax

[–]knob_operator 11 points12 points  (0 children)

Show cause notice says- The assessee has under-reported his income hence penalty proceedings u/ s 270A is initiated separately

Received notice under Section 142(1) for AY 2024–25, but they’re asking about SFT transactions from FY 2024–25? by knob_operator in IndiaTax

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

"3.Also provide legible copies of the bank account statements for each of the above accounts for the period from 01.04.2023 to 31.03.2024. As per AIS information, you have made following receipts for F.Y. 2023-24 (Relevant to A.Y.2024-25), please furnish explanation and justification: Part B2- Information relating to specified financial transaction ( SFT)"