Dear All, One of my clients received a Show cause notice from AO u/s 270A for under-reporting of income on account of certain expenditures disallowed by AO. Please kindly provide me a suitable reply for this Penalty notice. It's urgent.
Hi I have successfully submitted my ITR for year 2019-20. I have received the intimation via email also and on the tin.nsdl website it is showing the status as "Refund paid to the bank account, check with your bank". It is more than 1 month and I have not received any credit transfer yet. I would also like to add to this that I had e-verify my ITR using Aadhaar based OTP and the bank account into which I have asked for the refund is not prevalidated, although I have added it and is currently "Request Submitted". Both Aadhaar and PAN are attached with the same bank account. Please let me know, what are the next steps I can take to get the Tax refund amount credited to my bank. I can not raise a reissue request since the refund is not failed.