(g) Making an application for installation of a telephone connection (including a cellular telephone connection);
Provided also that any person, who has not been allotted a permanent account number or who does not have a General Index Register Number and who makes payment in cash or otherwise than by a crossed cheque drawn on a bank or through credit card issued by any bank in respect of any transaction specified in clauses (a) to (h), shall make a declaration in Form No.60 giving therein the particulars of such transaction.
As shared by our viewer very important information on the AIR, treatment of the same by Income tax department given in detail…..
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All Chief Commissioners of Income-tax
Director General of Income-tax (Systems)
All Director of Income-tax (CIB)
All Commissioners of Income-tax (Computer Operations)
All Commissioners of Income-tax (in-charge of Computer Centres)
Utilization of information in the Annual Information
Returns (AIRs) relating to F.Y. 2007-08 (A.Y. 2008-
09) and subsequent years-reg.
The Board has considered the issues relating to the above and has decided that the information from the AIRs
pertaining to F.Y. 2007-08 (A.Y. 2008-09) and subsequent years should be utilized in the manner laid down in paragraphs 2 to 8 below.
2. AIR information where PAN of the transacting party is available and return is filed:
(a) The AIR data with PAN has been or shall be placed on the NCC by the DIT (Systems) and has been or shall be
used under regular cycles of CASS as per CASS instructions issued by the Directorate of Income-tax (Systems).
(b) Depending upon feedback on scrutiny assessment in a case for a particular assessment year, the Assessing
Officers may resort to proceedings u/s 148 for earlier assessment years in that case on the basis of AIR
information available, if any, if they have reasons to believe that income has escaped assessment.
(c) After issuance of notice u/s 143(2)/148, as the case may be, the Assessing Officers shall forward a
list of such cases, along with value of criterion, to their Range Addl./Joint Commissioner for the purpose of monitoring.
3. AIR information with PAN where there is no information of returns filed:
(a) To identify the non-filers, CIT(CO)/CIT (in-charge) of each RCC/CC will run the application in the AIR module to generate the list of individual cases or persons who are non-filers and shall intimate the list of non-filers to the concerned Assessing Officers in respect of these cases.
(b) Further Action thereon: After identification of the non-filers, query letters (in the format as given in
Annexure 5) shall be issued by jurisdictional Assessing Officers to all Non-Govt. transacting persons.
(i) if it is intimated by the tax payer that a return has already been filed before issue of the letter, the
jurisdictional A.O. shall immediately process the return on the system, if not processed so far, so that the
same can be considered for scrutiny selection under CASS under a fresh cycle, which would be run by the
Directorate of Income-tax (Systems).
(ii) If the letter is returned unserved, the case should be referred by the Assessing Officer to the DIT (CIB) of
his Region with full details (including PAN, RRR No. and Line No. of the AIR transaction, name/address
and TAN of the AIR filer etc.), and further action would be taken by the DIT (CIB) as indicated in
paragraph 4(f) below.
(iii) If the assessee furnishes a return in response to the letter, the case should be compulsorily assessed u/s
143(3)/144 after issue of notice u/s 142(1)/143(2), as the case may be.
(iv) If the assessee does not furnish a return in response to the letter or does not respond to the served letter,
the case should be assessed u/s 143(3)/144/147 after issue of notice u/s 142M/143(2)/148, as the case
may be.
20 Comments
sir, what if i have never filed for IT returns in my life ? what if i dont reply to the letter ? or is there any way out to reply this letter ,if i have never filed IT returns.
If you have not filed your return and if you can prove that income what you have entered into is tax exempt no worries…. If you dont file copy of pan card notice will be issued for personal hearing to appear before assessing officer…failing which they will be liable for proceeding under income tax act 1961.
sir i have never filed for it returns and i am a salarid person.In such case what reply should i give to this letter ? shall i say not eligible for tax ? and what are the consequences if i disclose my pan number to them since i have not filed for it returns ever ? what will be theit cource of action ? is there a way out – please help me ?
Need to see your form 16 in detail.. to give you advise.. you can call mail me saidigitalsignature@gmail.com with details..
sir can i have ure Cell number & location ?
sir, can u tell me what to look for in my form 16 , i hope u will reply as i am really scared because the fact is ive not filed it returns and conducted credit card transaction in excess of 2 lac in a year – plzz tell me what to look for in my form 16 ?
Mail me at saidigitalsignature@gmail.com will give you details
sir mail is sent – kindly reply asap as i am really tensed. thank u
sir mail is resent from my gmail id – please check
sir mail is sent – kindly check form 16 in pdf acrobat format.
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sit,what as said cash transaction should not exceed 50,000 ,but can we do transaction of 30 k and 20k on a same day in a same account no. with differenet pay slips… plzzz reply fast
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sir i got this type letter from i t department 1 month back, because in my sb account more than 90lak rs trasactions happened, why it happened is i used to collect rubbers scraps from various sources here and used to sell to my customers in south india, they used to send money through my sb account actually i am getting very less margin only as it is a rubber product so i was not aware of this problem. even i was not earned Rs 2lak out of this entire transations. what should i do now? please help me in this regard. some body was telling me that IT people have they provision to treat they entire transaction as my total income, so i may have to pay full amounts tax. I am very much worried after hearing this. so please help me by giving a answer please.?
@anup Have you reported the income in your tax return? IT department willnot ask to pay you tax on turnover but only after deducting your expenses. So no need to worry . reply back to IT department with relevant documents
sir i want to know from where information comes?
sir what all are the alternatives if i dont want to give PAN number.
sir, i dont have a PAN no. and i dont earn. my husband is a regular tax payer and has a PAN no. i got this letter may be because i sold a property. is it ok if i would send my husbands PAN no. or should i take a PAN card? what should i do if i dont want to take a PAN no?
Sir
I was regularly submitting my TAX RETURN FOR THE PAST 10 YEARS.I LOST MY JOB IN JAN 2010 & I WAS HUNTING FOR A JOB.Hence i have not submitted my returns during 2010-2011.i have received a letter from I.T.DEPT saying Entering into financial Transactions – Non quoting of PAN U/S 139A(5) & amp; 272B of the Income tax Act 1961- Reg
PL HELP.
That maynot be the reason for sending that letter. You can approach the concerned Assessing officer asking for details