Reply of Income Tax Notice
Reply of Income Tax Notice
Reply of Income Tax Notice
The income tax department sends the notices to taxpayers for various reasons like:
- Not filing the income tax returns
- Any defect in filed returns, or other reasons where the tax department is requiring any additional documents or information.
The person who has received any notice, should read it carefully and understand the notice, its section , the asked information and then reply that notice properly.
So, in case an income tax notice is received by any person then contact to our expert team which will help you to understand the income tax notice and prepare reply to be submitted against this notice to the income tax department.
Types of Income Tax Notice :
|
Types of Notice |
Description |
|
U/s 143(1)(a) - Intimation |
The department sends this notice seeking a response to the errors/ incorrect claims in an already filed income tax return. If any person wants to revise the return after receiving this notice, it must be done within specified time. |
|
U/s 142(1) - Inquiry |
This notice is send when the return is already filed and further details are required from the assessee. |
|
U/s 139(9) - Defective Return |
A notice under this section shall be issued if the filed income tax return contains any defects. If notice u/s 139(9) is issued, you should rectify the defects in the return. |
|
U/s 143(2) -Scrutiny |
Notice under Section 143(2) is issued if the income tax officer was not satisfied with the documents and information that was submitted in the return.Taxpayers who receive this notice, have to submit asked details. |
|
U/s 156 - Demand Notice |
This is tax demand notice and issued when any tax, interest, fine, or any other sum is owed by the person. |
|
U/s 245 |
When any tax demand is proposoed to be adjusted with refund then a notice u/s 245 can be issued. |
|
U/s 148 |
When officer have a reason to believe that you have not disclosed your income correctly and therefore, you have paid lower taxes or the individual may not have filed his return at all even if you must have filed it. This is termed as income escaping assessment. The assessing officer is entitled to assess or re-assess the income, according to the case. The assessing officer should serve a notice to the assessee asking him to furnish his return of income. |
Documents/Details required to Reply to an Income Tax Notice:
- Proof of Income source such as Form 16, Salary Certificate etc.
- TDS certificates, Form 16A in case of income other than salary
- Investment Proof i.e. U/s 80C, 80D etc.
It is suggested to take the help of experts to reply income tax notice properly, the experts will review and understand the notice and provide best solution.
Steps to be taken after receiving an income tax notice:-
When you receive an income tax notice, the following steps should be taken –
- Read carefully the notice to find out the reason
- Check the basic details, assessment year and your income tax portal online by login it.
- Find out the error/discrepancy in your income tax return.
- Respond to the notice within the stipulated time period to avoid penalties
- After replying, keep checking it that this notice is closed/dropped or not.
Most common causes of notice
- Mismatch in the amount of Income & TDS reported in 26AS and in return.
- An defect in your income tax return which leads this notice.
- Lack of submission of all deatils as required by law.
- Non filing of your tax returns.
- If high-value transactions have been made and they have not been properly reported in the income tax return.
- When incomes are not reported properly.
REQUIRED DOCUMENTS:
- Aadhar Card
- Authorization Letter
- Form 16
- Bank Statement
- Capital Gain Statement
- Balance Sheet
- Profit & Loss Account
- Other
