Dear Sir/Madam,
My cousin is regularly filing IT return. But somehow he forgot to file Income Tax return for AY15-16 (FY 14-15) & hence he has received Income Tax notice that u/s 192 Employer has deducted tax & return is not filed. His total Taxable income will be Rs 503,000 after all deductions. Briefs are as below :
Fast Facts:
1) Salaried Employee Rs 7.70lacs & TDS deducted Rs 25700 (shown in Form16)
2) He claimed Self occupied House Property Rs 2lac ( shown in Form 16)
3) Deduction u/s 80C claimed Rs 80000 (shown in Form 16)
4) His Interest amt was Rs 13000 ( & claimed Rs 10k under Sec 80TTA ). He was not aware to show this income as IFOS . Hence after claiming deduction on Rs3k he paid Rs 800 as Tax as per I.Tax utility. TAX paid on 26th Mar 2018. ( does not have any other source of income )
5) As the return uploading is not available. Compliance reply given as Return under Prep. & Reason "Self-Not Known"

Queries : 1) Does he require any kind of communication to Income tax dept ? If yes, by electronic or physical mode?
2) What are the remedies available to my cousin ? Because he feels terrified by the notice & not wish to visit IT office.

Please help me regarding above issue at the earliest.
Thanks you in advance.
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Ameet Patel Ameet N Patel is a chartered accountant and former President of Bombay Chartered Accountants Society - BCAS

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