CIB-502 income tax compliance

[nagnath palkhe]

How deal with this compliace 2013-14 from ITD when there is no actual transactions was nil by me, this compliance says transactions in commodity exchange of more than 10,00,000/-.kindly guide for solution on this

AI Summary

Navigating Income Tax Compliance Issue: Resolving Discrepancy Over Alleged 2013-14 Commodity Exchange Transactions Exceeding 10,00,000. A participant inquired about handling an income tax compliance issue from 2013-14, where the tax department indicated transactions exceeding 10,00,000 in a commodity exchange, despite the participant having no actual transactions. The individual sought guidance on resolving this discrepancy.