Just back from Income Tax department.
ITO's excuse for mentioning that I have not complied with the previous notice was that they misplaced my file earlier. They have found the submissions now. Ofcourse, ITO did not give that in writing.
Now after making submissions of 400 pages, they want some form 10DB from each of my brokers.
He started demanding proof of previous year's income, proof of all investments I have made before the year in question and various other things. After getting frustrated for one and a half hours, I told him that I shall make submission of Form 10DB only and asked him to provide me with notice of complete scrutiny for all other queries if he is going for fishing expedition. At this point, he started threatening that it is very simple for him to convert my case for complete scrutiny and that he can impose penalties on me. I informed him that it is fine by me if he converts my case for complete scrutiny and I shall await for such notice in post.
I am now sending email requests to my brokers asking for Form 10DB for the year in question and will visit ITO again when I receive them.
ITO's excuse for mentioning that I have not complied with the previous notice was that they misplaced my file earlier. They have found the submissions now. Ofcourse, ITO did not give that in writing.
Now after making submissions of 400 pages, they want some form 10DB from each of my brokers.
He started demanding proof of previous year's income, proof of all investments I have made before the year in question and various other things. After getting frustrated for one and a half hours, I told him that I shall make submission of Form 10DB only and asked him to provide me with notice of complete scrutiny for all other queries if he is going for fishing expedition. At this point, he started threatening that it is very simple for him to convert my case for complete scrutiny and that he can impose penalties on me. I informed him that it is fine by me if he converts my case for complete scrutiny and I shall await for such notice in post.
I am now sending email requests to my brokers asking for Form 10DB for the year in question and will visit ITO again when I receive them.