Answers On Topic: Black money Act
I have received IT department’s summons under section 131(1A) for AY21-22. I have received ESPP and RSU stock in years before AY 21-23 and during AY21-22 I have received dividend and it was taxed in USA. I have missed disclosing this information while file the return for AY21-22. I hold around 1160 ESPP/RSU stock in US company. what should be my course of action ?
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Can one opt for filing new ITR U after notice under Black Money Act is already served? If income pertains to AY 16/17 but BMA notice is served in AY 21/22, what will be the year for which ITR u can be filed ?
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section 131(1A) for AY 21-22