Income Tax Notice Related Articles

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

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

27

How do I know if I have an Income Tax Notice?

How do I know if I have an Income Tax Notice?

How do I know if I have an Income Tax Notice? When a taxpayer files an Income Tax Return (ITR) with the department, the department processes the return. It may issue a notice to the taxpayer, which could be an Intimation or scrutiny. A tax notice can be of various types due to various reasons. It m ...

Feb - 2023

22

What happens if we do not respond to Income Tax Notice?

What happens if we do not respond to Income Tax Notice?

What happens if we do not respond to Income Tax Notice? Income Tax Notice is a correspondence sent by the Income Tax (IT) Department when they want to raise an inquiry against the returns filed by the taxpayer. There are various reasons that the department may send a notice; they may ask the taxpay ...

Mar - 2018

26

E-Proceedings under Income Tax

E-Proceedings under Income Tax

E-Proceedings under Income Tax E-proceedings refers to a digital platform for conducting scrutiny assessment proceedings in an end to end manner. The platform was created by the Income Tax department to bring about transparency and efficiency in the income tax scrutiny procedure. The Income Tax dep ...

Mar - 2018

23

Scrutiny Assessment under Income Tax - Section 143(3)

Scrutiny Assessment under Income Tax - Section 143(3)

Scrutiny Assessment under Income Tax - Section 143(3) Income tax assessment is the process of verification of the information a taxpayer has provided in the returns submitted by a taxpayer to the income tax department. The Income Tax department assesses after an assessee FFilinginges an income tax ...

Mar - 2018

22

Intimation under Section 143(1) - ITR Intimation Password & Response

Intimation under Section 143(1) - ITR Intimation Password & Response

Intimation under Section 143(1) - ITR Intimation Password & Response All persons with taxable income must file a tax return each financial year. After the ITR filing, the income tax department would process the return, check for errors, and issue intimation under section 143(1) of Income Tax Ac ...

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