A new menu has been opened at the e filing site by the Income Tax department under the head Compliance for those who have entered into high value transactions and the letters had already been issued to them. Even if you have not received the letter from the Department Just go through the the same to make it doubly sure that you are not in the list prepared by the department. If you are and have not filed the return earlier then file the returns duly incorporating the details of these transactions. News as is being flashed at ITD e filing site is as under:
In 2013 Income Tax Department Issued letters to 1219832 non
filers who had done high value transactions.
In 2014 Income Tax Department has identified additional
2209464 non filers who have done high value transactions you may be one of them
act now!
Log on to E-filing Portal at https://incometaxindiaefiling.gov.in
·
If you are not registered with the E-filing
Portal, Use the “Register Yourself” link to register
·
You Can view ‘Information Summary’ under the
‘Compliance module and submit whether it pertains to you or any other person
you Know
· If you have already filed the return you should
submit the details under ‘filing of Income tax Return’. If not, you should pay
your taxes and file the Return
·
You can Keep a print out of submitted response
for record
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