Comm,
Thanks and welcome. Forums help to share information, insights and experiences of traders for common good. So wherever and whenever this is possible, traders must share.
Again, going back to my experience with the I.T dept., though I was apprehensive as I had not only received a notice, but even a call to be present before the I.T dept the same day' as they had some information about me' (To which I replied that it was not possible due to time and distance) Then I spoke to my CA and he checked the returns filed and gave me some printouts to carry. I was thinking about my approach and just asked myself, what did I have to fear? Other than the hassle, there was nothing. No extra income to disclose and no extra tax to pay. So I decided the best way to go about was to be positive and co-operate. Hence before the appointment, I kept ready all the documents and serial numbered and sorted them for easy retrival, in order that I could provide it to the officers at the same day and at the same time if questioned. So I was ready with not only my response, but with documentary evidence to back it up. During the meeting I was able to submit the documents along with my reply when questioned and I took the time time to understand the officers viewpoint and clear possible doubts. So my meeting with the I.T Officer was more of an interaction and exchange of information rather than Q&A. My take away from the experience was that positive approach along with being prepared with the documents to back your statements goes a long way to quick assessment.
Thanks and welcome. Forums help to share information, insights and experiences of traders for common good. So wherever and whenever this is possible, traders must share.
Again, going back to my experience with the I.T dept., though I was apprehensive as I had not only received a notice, but even a call to be present before the I.T dept the same day' as they had some information about me' (To which I replied that it was not possible due to time and distance) Then I spoke to my CA and he checked the returns filed and gave me some printouts to carry. I was thinking about my approach and just asked myself, what did I have to fear? Other than the hassle, there was nothing. No extra income to disclose and no extra tax to pay. So I decided the best way to go about was to be positive and co-operate. Hence before the appointment, I kept ready all the documents and serial numbered and sorted them for easy retrival, in order that I could provide it to the officers at the same day and at the same time if questioned. So I was ready with not only my response, but with documentary evidence to back it up. During the meeting I was able to submit the documents along with my reply when questioned and I took the time time to understand the officers viewpoint and clear possible doubts. So my meeting with the I.T Officer was more of an interaction and exchange of information rather than Q&A. My take away from the experience was that positive approach along with being prepared with the documents to back your statements goes a long way to quick assessment.
thank you DSM for sharing your experience and observations. these posts help sooth any nervousness that a trader might be feeling after seeing the Notice.