LawRato

notice under 271D of Income tax act


19-Feb-2023 (In Property Law)
my grand mother is of 70 years . she had sold her residential house in 2017 and last week she received a notice u/s 274 r/w. s. 271D of IT Act asking her to pay a penalty of 4,22,500 rs. As per the information given in the notice, "you have received Rs. 4,22,500 /- in cash as part of sale consideration. This cash receipt is in contravention of the provisions of section 269SS of Income Tax Act, 1961." after logging in the e-Proceedings Portal we found out that there has been 3 more notices since October 2019 in this regard which we did not received and had no knowledge. now what can we do to come out of this problem . we have noidea why we are being penalised for this amount. please advice.
Answers (2)

Answer #1
757 votes
You have to file a written reply to the notice you have received from the IT department. And you need to include that you haven’t received any of the notices as mentioned. For more legal assistance I am just a call away.
Helpful? LawRato LawRato
Advocate Jitender Singh

Adv. Jitender Singh

LawRato Delhi | 1000+ Answers
Chat with Advocate Jitender Singh Chat 
Answer #2
672 votes
Hi if you received notice from the income tax department have the copy of that notice and come to our office generally within seven years of the transaction the IT department can send you the notice and it's not to be worried because the amount is very low you can seek the help of your accountant or our team to resolve this matter thank you
Helpful? LawRato LawRato
Advocate Dev Yati

Adv. Dev Yati

LawRatoDelhi | 5+ Answers
Chat with Advocate Dev Yati Chat 

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Connect with top Property lawyers for your specific legal issue
Connect with a Lawyer
Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

All Answers

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

LawRato