Scribd
Upload
1K views2 pages

Income Tax Letter

The Chathannoor Rural Co-Operative Society Ltd sent a letter to the Income Tax Officer in response to a notice regarding cash deposits during the demonetization period. The letter explains that [1] the society did not receive any cash deposits from members during demonetization, [2] the total cash deposit made to the Kollam District co-operative Bank was Rs. 18,44,500 which was already disclosed in tax returns, and [3] there was no deposit of Rs. 3,15,05,272 as mentioned in the notice. The letter also states that an audit was not conducted since gross operating revenue did not exceed Rs. 1 Crore and interest was claimed under section 80P

Uploaded by

SOUMYA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
1K views2 pages

Income Tax Letter

The Chathannoor Rural Co-Operative Society Ltd sent a letter to the Income Tax Officer in response to a notice regarding cash deposits during the demonetization period. The letter explains that [1] the society did not receive any cash deposits from members during demonetization, [2] the total cash deposit made to the Kollam District co-operative Bank was Rs. 18,44,500 which was already disclosed in tax returns, and [3] there was no deposit of Rs. 3,15,05,272 as mentioned in the notice. The letter also states that an audit was not conducted since gross operating revenue did not exceed Rs. 1 Crore and interest was claimed under section 80P

Uploaded by

SOUMYA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

August 31, 2019

From,

Chathannoor Rural Co-Operative Society Ltd No Q 1425,


Chathannoor
Kollam 691572, Kerala.

To,
The Income Tax Officer,
Ward 1 & TPS, Kollam.

Sir,

Sub: Notice under Sub Section(1) of Section 142 of the Income tax Act,1961

Ref: Notice No. ITBA /AST/F/142(1)/2019-20/1016843359(1)

Dear sir,

With reference to the above letter dated 18/07/2019, I would like to give the
explanation on the following matters-

1. No cash deposits received from members during demonitization period .


2. The total cash deposit made by the society during demonitization period with
Kollam District co-operative Bank, Chathannoor was Rs.18,44,500/-.We have
already disclosed it in our incometax return.There was no such deposit of
Rs.3,15,05,272/-in District Co-operative Bank,Chathannoor as mentioned in the
notice.We have no other deposits with any other bank during this period..
3.Since our Gross operating revenue not exceeding Rs.1 Crore, no Audit under
Sec 44AB was conducted.
4. Interest on deposit with District Co-operative Bank claimed Under sec 80 P.

The following documents are hereby enclosed


1.Details of fixed Deposit received in cheque during demonetization period
2.Summary of different type of loans and deposits
3.Copy of society Registration Certificate and Bye-Law
4.Details of Managing Committee Members
5.Bank statement of District Co-operative Bank,Chathannoor
6.Copy of the Co-Op. Department Audit Report for the Fy 2013-14 to 2016-17.
Should you require any further particulars in this regard kindly allow
time to collect and produce the details. Kindly drop the Proceedings
initiated against me.

Yours Faithfully,

Suja Devi G
The secretary.

You might also like