Income Tax Notice - Guides & Articles

Oct - 2024

25

Section 148 of Income Tax Act

Section 148 of Income Tax Act

Section 148 of Income Tax Act Under Section 147 of the Income Tax Act, 1961, the Income Tax Department holds the authority to reassess previously filed income tax returns. If certain predefined criteria are met, the Assessing Officer may select your return for reassessment and issue an income tax n ...

Apr - 2024

03

Responding to Income Tax Notices After Filing ITR

Responding to Income Tax Notices After Filing ITR

Responding to Income Tax Notices After Filing ITR If there's a discrepancy between the deductions or exemptions you claimed on your Income Tax Return (ITR) and the details in your Form 16 or Annual Information Statement (AIS), or if there are concerns about the validity of documents like rent recei ...

Apr - 2024

03

Responding to Income Tax Notices on High-Value Cash Transactions

Responding to Income Tax Notices on High-Value Cash Transactions

Responding to Income Tax Notices on High-Value Cash Transactions The Income Tax Department is now employing various data analysis techniques to pinpoint those who have either failed to file their income tax returns or misrepresented their earnings. In light of this, the department has intensified it ...

Apr - 2024

02

How To Check And Authenticate Income Tax Notice Online

How To Check And Authenticate Income Tax Notice Online

How To Check And Authenticate Income Tax Notice Online When one receives a notice from the income tax department, it's natural to feel anxious. However, not every message from the department is a cause for concern. An intimation is typically a notification about the outcome of your tax return proce ...

Apr - 2024

02

Income Tax Notice for Salaried Employees

Income Tax Notice for Salaried Employees

Income Tax Notice for Salaried Employees A notice from the income tax department is an official alert that indicates the need for further clarification, corrections, or additional details related to your tax filings. In the current fiscal year, the importance of income tax notices for people with s ...

Mar - 2024

19

Top Reasons Why You Can Get An Income Tax Notice

Top Reasons Why You Can Get An Income Tax Notice

Top Reasons Why You Can Get An Income Tax Notice Receiving an income tax notice can be daunting for anyone, whether you're a seasoned business owner or a new taxpayer. The Indian Income Tax Department issues notices for various reasons, ranging from routine verifications to discrepancies in tax fil ...

Mar - 2024

12

What to Do When You Receive an Income Tax Notice?

What to Do When You Receive an Income Tax Notice?

What to Do When You Receive an Income Tax Notice? Receiving a notice from the Income Tax Department can be unsettling, but it's important to remember that not all notices are cause for alarm. Often, they are simply requests for clarification or additional documentation. Here's a step-by-step guide ...

Feb - 2023

17

What is Income Tax Notice?

What is Income Tax Notice?

What is Income Tax Notice? Receiving an income tax notice can be daunting, especially if you believe you've paid all your taxes and filed your returns correctly. Understanding these notices can make them seem less intimidating. Income tax notices are official communications from the Income Tax Depa ...

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