Read the notice: You should understand what it means and why it has been sent in the first place
Income Tax
Got an Income Tax Notice?
You don’t need to stress over it. EasyFilling is here to help.
Addressing an income tax notice couldn’t get easier!
EasyFilling is here to help. Addressing an income tax notice couldn’t get easier!
Types of Income Tax Notices
The income tax department sends different types of ITR notices to taxpayers depending on the cause of the notice. These notices are as follows –
Notice under Section 142(1) of the Income-tax Act - Inquiry Notice before Assessment of Tax
Tax notice u/s 143 (2) Act is issued to ensure that the taxpayers have not understated any income
Notice u/s Section 131(1A) Of Income Tax Act: What is Section 131 & Response of Summons Issued
Notice under Section 148 of the Income Tax Act: Assessment Notice u/s148
When May Tax Payers Get An Income Tax Notice ?
Did you know that you can get an income tax notice for various reasons?
Here are a few possibilities you should be aware of:
Failing to file your ITR
Not disclosing income or a part of it
Errors or discrepancies in your returns
TDS values and filed income tax returns show a mismatch
- Need to provide specific documents or information
Potential audit under section 143(1) of the IT Act
Investing in the spouse’s name and not mentioning it in ITR
Not reporting high-value transactions in the return
Failing to report capital gains/losses from equity/debt investments
Using a wrong income tax return form
Tax evasions in previous financial years
Income tax notice on not reporting sale/purchase of property
Liability for the self-assessment tax
Another other reason an assessing officer deems fit
Mismatch with AIS/TIS
How to Deal With an Income Tax Notice?
Have you got an income tax notification? Stay calm because a notice is not always a reason to stress about. Here are the steps to deal with a notice effectively:
Dig deep to check if the notice has your correct name, address, PAN number, and assessment year.
Find out the reason for the notice being served by checking your income tax return for discrepancies
Since there is an income tax notice time limit, responding before the deadline can save you from penalties and prosecutions.
What documents are required to reply to an Income Tax Notice?
Replying to an income tax notice also takes some documents; depending on the type you have received. As a standard, you will need the following:
A copy of the notice
TDS certificates (Form 16- Part A)
Proof of Income source (Salary receipts, Form 16- Part B, etc)
Investment Proof
What documents are required to reply to an Income Tax Notice?
Replying to an income tax notice also takes some documents; depending on the type you have received. As a standard, you will need the following:
A copy of the notice
TDS certificates (Form 16- Part A)
Proof of Income source (Salary receipts, Form 16- Part B, etc)
Investment Proof
Frequently asked questions
How do I check tax notice ?
An IT notice is delivered to the taxpayer’s registered email. It can also be checked through the income tax notification portal. However, the portal offers information only on some of the notices. For others, you have to visit the IT department. Remember to check the authenticity of the notices by using a quick link for “Authenticate notice/order issued by ITD” on the Income Tax website. At this point, it is also crucial to know your DIN to facilitate communication with the IT department.
Receiving an Income Tax Notice may not always be a reason to worry. However, it does require an accurate and timely response to address the issue raised by the Income Tax Department.
How do you reply to notice ?
Replying to an income tax notice is easy as you can do it online by visiting the official website of the income tax department. Log in, navigate to the compliance section, and respond to the notice.
Receiving an Income Tax Notice may not always be a reason to worry. However, it does require an accurate and timely response to address the issue raised by the Income Tax Department.
How do I pay my tax on demand ?
Paying online is an easy way to clear your tax on demand. You can do it by accessing the e-filing website of the IT department and logging into your account. Check the amount of outstanding tax demand and pay directly under the “Response to Outstanding Tab” on the web portal.
Receiving an Income Tax Notice may not always be a reason to worry. However, it does require an accurate and timely response to address the issue raised by the Income Tax Department.
Timely delivery of website is our main priority and we wish to fulfill that each and every time.
IMPORTANT LINK
Copyright © 2024 EasyFilling Pvt. Ltd. All rights reserved.