Question ID :
31687
Notice under sec 148
The asessing officer after receiving information from bank for having deposited cash more than 10 Lacs in saving account has issued notice to asessee in last week of Mar 18 anticipating escapement of income from Tax within meaning of Sec 147 for Ass Year 2011-12.
In fact amount deposited pertains to sale of Agriculture Land.As Agriculture land is out of the purview of Capital Gain.Which Form of Return should be filed as filing of return is desired by Income Tax Officer and what about Sec 139 read with Sec 119(2)b and Sec 92CD
posted by
Mahesh Kumar
on
Jun 11 2018 12:00AM