Limited scrutiny Notice received from IT, 

I filled return last year  with an CA, but he is not an expert related to Equity Trading.

How to proceed with this? is this much serious?

“Following issue(s) have been identified for examination:

i. Whether the investment and income relating to securities (derivative) transactions are duly


2.In view of the above, I would like to give you an opportunity to produce any evidence/information

which you feel is necessary in support of the said return of income on or before——————

3.The above mentioned evidence/information is to be furnished online electronically in ‘E-
Proceeding’ facility through your account in e-Filing website of Income-tax Department.

Further proceedings shall also be conducted electronically (*). A brief note on salient features

of ‘E-Proceeding’ is enclosed.

Anonymous Asked on July 16, 2017 in Taxations.
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1 Answer(s)

Dear Sir

Many people has received notice for Equity trading. You can reply the Notice by login into your Income Tax and submit the information clarification and attachment. If you have filed after taking into account all Income (Loss Or profit) you need not worry.

If you have any further query or assistance required to draft reply do write us on

TaxIQ Answered on July 17, 2017.

What documents are needed to be attached?

on July 24, 2017.
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