Answer

1. F

   Facts

   Often there is no formal closing letter; the matter simply ends if the officer is satisfied. If not, a further query, a summons, or a reassessment show cause can follow. Silence is usually a good sign but not a guarantee.

2. P

   Provisions and law

   • Sec 133(6) (now Sec 252(1)(a))The officer can call for information useful for or relevant to any enquiry or proceeding
   • Sec 148A (now Sec 281)Before a Sec 148 notice, the officer must share the information, give a show cause notice and pass a reasoned order
   • Sec 131 (now Sec 246)Officers have powers like a civil court to summon, examine on oath and call for documents
3. A

   Analysis

   If the information shows that income was reported, the officer usually takes no further action. If doubts remain, the next step may be a Sec 148A (now Sec 281) show cause for that year, which must fit within the time limits in Sec 149. Keep the reply, acknowledgement and documents for at least the full reassessment window of up to five years from the end of the assessment year. Check e-Proceedings now and then for follow-ups.

4. C

   Conclusion

   1. 1Save the reply and acknowledgement in a safe folder.
   2. 2Check e-Proceedings monthly for follow up notices.
   3. 3If a new query comes, answer it in the same way.
   4. 4Keep records for at least five years from the end of the assessment year.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.