TaxTMI 
TaxTMI 
Dear Sir,
I have received notice from income u/s 142(1) and they have asked for some details but due to our Auditing is going on we need some extension to submit the details to Income tax dept.
Can you please provide letter format for the same.
Scrutiny Proceedings for A.Y : 2013:2014
20 Oct 2015 
2 Replies 
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Notice compliance: seek a documented extension while providing partial records to avoid assessment, penalties or prosecution.
Requests for additional time to respond to an income tax notice should be made in writing on the taxpayer's letterhead, explaining the actual difficulty and supported by documentary evidence where possible; partial records may be supplied with a timetable for outstanding material. Compliance with statutory notice is mandatory, and failure to comply can lead to best judgement assessment, monetary penalties, and potential prosecution, so taxpayers should prioritise responding and document any extension request and interim submissions. (AI Summary)
Requests for additional time to respond to an income tax notice should be made in writing on the taxpayer's letterhead, explaining the actual difficulty and supported by documentary evidence where possible; partial records may be supplied with a timetable for outstanding material. Compliance with statutory notice is mandatory, and failure to comply can lead to best judgement assessment, monetary penalties, and potential prosecution, so taxpayers should prioritise responding and document any extension request and interim submissions. (AI Summary)