I have got a income tax notice saying that for FY 09-10 as per Information Code CIB-321, I have made share transactions of 20000/- or more and that i have not filed any IT return.
Even though there is one transaction above 20000 my taxable income is way below the IT exemption limit. Short term capital gains for year is Rs. 23000, Interest income less than Rs. 1000 .I have no other income
So should I just say that I have no taxable income so no IT return was filed?
Even though there is one transaction above 20000 my taxable income is way below the IT exemption limit. Short term capital gains for year is Rs. 23000, Interest income less than Rs. 1000 .I have no other income
So should I just say that I have no taxable income so no IT return was filed?