Legal Question in Banking Law in India
sir,
my father started a current account for bussiness but bussiness was flop..
he forgot to close the account,after 2 yr of closing of the bussiness the tax come for rs5000000 on account..he didnt even make the profit of rs50000 from bussiness..
plz advice
Asked on 11/11/14, 9:16 pm
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
12.11.2014
Dear Sir / Madam,
It is advisable to engage the services of a local Chartered Accountant to suitably reply to the tax notice.
Regards,
Answered on 11/12/14, 2:43 am
your case needs to be handled in a proper manner and if need be legal recourse needs be taken.
Regards
Adv. Rajiv
Answered on 11/20/14, 12:00 am
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