TaxTMI 
TaxTMI 
Dear sir
I have received a letter from income tax department for non filling return for FY 2012-13 under CIB-502 code of contract of ₹ 10 lac in commodities exchange now please tell me what should i do???
And how can i reply this letter??
non filling income tax return and aletter rec CIB-502 CODE
09 Oct 2015 
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Non-filing of income tax return: respond to the notice, furnish requested information and file returns to regularise tax position.
A departmental communication under CIB-502 alleges non-filing of an income tax return tied to a commodities contract; the immediate obligation is to furnish the information requested, determine whether taxable income arose, and, if so, file the outstanding return and pay any tax, interest or penalties to regularise the taxpayer's position. (AI Summary)
A departmental communication under CIB-502 alleges non-filing of an income tax return tied to a commodities contract; the immediate obligation is to furnish the information requested, determine whether taxable income arose, and, if so, file the outstanding return and pay any tax, interest or penalties to regularise the taxpayer's position. (AI Summary)