Sumit Duggal (Article ) 16 January 2021
As per information available with the department you have received an amount of
Rs. 3,27,00,000/- from lease on which
TDS of Rs. 32,70,000/- has been deducted u/s 194((b) of the Income Tax Act, 1961.
However, you have shown Income from business instead of income from House Property
Income. In this respect, you are hereby given a opportunity to justify with supporting evidence
as to why you have shown Income under the head Business & Profession instead of income
from House Property.
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