Hi Sreekanth,
I recently stumbled on your impressive website, since then reading much of it and been commenting too. Hoping you could help me with my case. I had tried asking this under your post on "How to respond to Notice...", but I believe I didn't word it very well.
Had received notice last year May 2015 and within a couple of weeks submitted my response. Reason I gave was "Others", with Remarks as "NRI, funds remitted from abroad, interest from NRO deposits below taxable limits".
However, under Related Information Summary, I have under 'Information relates to' "Self-Not known" against "Time Deposit exceeding Rs. 2,00,000/- with a Banking Company".
Currently, status shown as of Aug 16, 2016 is "Submitted" and not Closed.
The Deposits are funds from abroad during the years I was a NRI and were opened when I was in NRI status. So those are my self funds known to me. So what should I do now to close the case.
Hope this is the place to ask the question. Or, is it Q&A Forum?
Thanks,
Jay
2 Answers
Hi,
Thank you for following my blogs. Yes, I do remember that we have discussed on this topic in the related post.
As you have already submitted the response to the compliance notice, now the IT dept has to come back to you with their response. They may ask you for more information or they may CLOSE the notice.
The response submitted online by you (taxpayer) will be verified by the ITD (Income Tax Department) and if found satisfactory, the case will be closed.
I am not sure about the time-line as to by when they will close it.
If you would like to submit new response then you may do so. Kindly check 'Self & Investment/ expenditure is out of foreign income' if this is the right response??
http://www.relakhs.com/non-filing-of-income-tax-return-notice-online-response/
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