Finally received assessment order for scrutiny assessment for AY 2015-16 with nil demand. Let's see what happens to scrutiny assessment of AY 2016-17.
Update: Received notice us sec 142 (1) last week asking for
Letter of Authority in the prescribed format with proper stamp fee as per Bombay Stamp Act, if the
case is represented by an Authorized Representative.
Antecedents of the assessee.
Details such as residential & office address; office, residential, mobile phone numbers; email ID etc.
Copy of the Income tax returns filed by you for AY 2016-17, 2015-16 & 2014-15 , Computation of
Income along with all its enclosures and copy of assessment orders for the preceding two years, as
applicable.
Copy of Balance sheet and profit and loss account along with all the schedules, current account and
capital account as on 31/03/2016, 31.03.2015 & 31.03.2014. Copy of audit report, as applicable.
Please also file the audit report for the previous three years.
Details of all bank accounts held by you in F.Y. 2015-16 along with closing balances as on 31.3.2016.
Please submit details along with relevant evidences in respect of following:
(i) Large value sale of futures (derivative) in a recognized stock exchange reported in Securities
Transaction Tax Return and no business income declared by assessee (STT code 5 and Sch.BP of
ITR)
Submitted my response on the e-proceeding site.