When you may get Notice from Income Tax Department

Why does the notice of Income Tax Department come?

If your income is taxable and you do not pay tax, then the notice does come, but if you show less income and the income tax department sees more income then the notice also comes. Not only this, due to reasons like mistake in calculation, not filling income correctly or showing excessive loss while filing ITR, you can also get notice from Income Tax Department.

When you may get Notice from IT department ?

- If there is any Discrepancy in Return Filed by you.

- If there is mismatch in the TDS amounts and AIS information.

- Incorrect or insufficient supporting documents

- Escape High value transactions to be updated in the Income Tax Return

- Misreporting LTCG

- For non-disclosure of income

- For not declaring investments made in the name of spouse

- If your return is picked for scrutiny

To avoid getting notice: Report all your income and other income taxable in your hands, pay full tax due and in general be tax-compliant.

Keep documentary and other evidence as proof of whatever is claimed in your return so that you can use it for future reference when asked by department.

The income tax department sends different types of notices to taxpayers depending on the cause of the notice, type of Notices :

* Intimation Order U/s 143(1)

* Notice U/s 142(1)

* Notice U/s 139(9)

* Notice U/s 143(2)

* Notice U/s 148 (3)

* Notice U/s 148

* Notice U/s 156

* Penalty Notice

* Other

How do I check my tax notice?

If any notice has been issued by ITD, then it will be delivered at your registered address by post. You can check notices received by you through income tax portal, and can respond there,

Or take an Expert's Advice

For more Information reach out to CA Neetu Jain