income tax

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  1. bk_upadhyay

    bk_upadhyay New Member

    Hi,
    One guy has sold non rural agricultural land in Rs. 30 lacs in 2010-11. from which some amount has been expend in medical & other head. against one letter of IT Department guy was given a clarification of this that this amount credit in our bank account due to sold the agriculture land.
    In 2015 he has expired & what ever amount in his account of Rs. 17-18 lacs has been transferred his name of wife. at this moment one agriculture land & one house are their name.
    Now income tax department has send letter regularly to pay the tax, int & penalty. As per one adviser need to pay the 20% of tax on Rs. 30/- along with interest & penalty.
    kindly suggest what should be do.
     
    Last edited: Sep 20, 2016
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