my father started a current account for bussiness but bussiness was flop..
he forgot to close the account,after 2 yr of closing of the bussiness the tax come for rs5000000 on account..he didnt even make the profit of rs50000 from bussiness..
2 Answers from Attorneys
Dear Sir / Madam,
It is advisable to engage the services of a local Chartered Accountant to suitably reply to the tax notice.
your case needs to be handled in a proper manner and if need be legal recourse needs be taken.
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