Income Tax Notice Response

There can be many reasons like - Mismatch in tax credit, Inadvertent/wilfull non-disclosure of income, non-disclosure of assets , notices for high value transaction, investment in the name of spouse.

Income Tax Department can serve notices for various reasons. Some of these notices can be of general enquiry nature and some can be of detailed enquiry nature. You should not ignore these notices. You should send a proper reply on time for the notice given by the Department. Because if you don't give the appropriate reply within the due date then the department would take actions against you on the basis of information available with them.

There are different type of notices issued by the department such as under section 131, 142(1), 143(2), 148, 245. When you get such notice you should collect all the documents and informations asked in the notice given by the Department. You should provide all this information to our expert so they can form an adequate reply for that notice.

You should not take these notices lighly and seek a proper guidence if you want to avoid any situation of creating a big liability or any severe actions taken by Department against you. Don't worry we are here to solve your problem.

income-tax

5 Simple Steps

  • 1

    FILL THE INQUIRY FORM

  • 2

    MAKE PAYMENT

  • 3

    OUR EXPERT WILL ASSIST YOU

  • 4

    OUR EXPERT WILL DRAFT YOUR REPLY

  • 5

    GET YOUR REPLY ON MAIL

Documents Required for Account Opening Resolution

Every business must comply with the GST registration company India rules and regulations. The taxpayer can get the registration to distinguish their business from others. A new GST registration company can get a unique 15-digit registration number. This unique number known commonly as the GST Identification Number or GSTIN can provide complete details about the business. The central government provides this number to a taxpayer when they apply for the unique number with the following documents:

  • Copy of the Notice from the Income Tax Department

  • Details of the property sold or purchase in the concerned year.

  • Form 16(if any)/Copy of Income Tax Return

  • Bank statement for the concerned year

  • Details required particularly specified in Income Tax Notice/ as suggested by our experts.

Let’s Clear All Doubts !

FAQ
  • What is Income Tax Notice?

    Income tax notice is served to Assesee(tax payer) by Income Tax Department when there is discrepancy, mistake ,error, Mismatch in tax credit, Inadvertent/wilfull non-disclosure of income, non-disclosure of assets , notices for high value transaction noticed in income tax return filed or non filing of income tax return. There are various types of Income tax notices, issued by the Income Tax Department.Some of these notices can be of general enquiry nature and some can be of detailed enquiry nature. You should not ignore these notices. You should send a proper reply on time for the notice given by the Department.

  • What to do when I receive a notice from Income Tax Department?

    Don't panic or ignore the notice from Income Tax Department. Make sure the notice is issued on your PAN Card number only. Instead, find out why exactly a notice has been sent to you and the implications according to the section mentioned in the notice. Gather the documents corresponding with the transaction that the department had identified. And consult with us on the matter.

  • Why do I get notice?

    There can be many reasons like - Mismatch in tax credit, Inadvertent/willful non-disclosure of income, non-disclosure of assets for wealth tax, notices for high value transaction, investment in the name of spouse.

  • Is responding to Income Tax Notice is necessary?

    Yes, responding is necessary in every case otherwise you have to face the consequences stated in the Notice.

  • Within how many days I should respond to the notice?

    Generally, 30 days are given for reply by post or in person or up to specified period in the notice.

  • Why is an Income Tax Notice issued?

    An Income Tax Notice may be issued because of following reasons:

    1. Non filling of ITR when you are required to file the same

    2. Mistakes , error or Discrepancies in the Income tax return filed by you.

    3. Mismatch in TDS credits i.e Form 26AS records of Income tax department and your Income tax return

    4.Inadvertent/willful non-disclosure of any financial transaction like Sales of any property in your income tax return which is in knowledge of income tax department

    5. General enquiry notice- Assessing Officer wants certain documents and details from the taxpayer

    6. To carry out scrutiny under section 143(1) of Income Tax Act.

    7. For any other purpose which the Assessing Officer nay deem fit.

  • Is responding to Income Tax Notice is necessary?

    Yes, responding is necessary in every case. Ignoring any Income Tax Notice may result in penalty ,interest and prosecution under the Income Tax Act, 1961.

Popular Services

Private Limited Company Registration | Partnership Firm Registration | One Person Company Registration | USA Company Registration | Nidhi Company Registration | NBFC Company Registration | Public Limited Company Registration | Trust Registration | Proprietorship Firm Registration | Chit Fund Company Registration | Startup India Registration | GST Registration | MSME-Registration.aspx | FSSAI Registration | ESI Registration | GST Registration Cancellation | RERA Registration | Accounting & Bookkeeping | Annual Filing with ROC | Business Tax Filing | Company Annual Filing | Income Tax Return | Trademark Copyright Registration | Permanent Patent | Trademark Renewal | Close One Person Company | Convert LLP to Private Limited Company | Convert Private Limited Company to LLP | Convert Sole Proprietorship to Partnership | Dissolve Partnership |

Popular Searches

Agriculture Income | Business Tax Filing | Private Limited Company Registration | One Person Private Limited Company Registration | Partnership Firm Registration | LLP Registration | USA Company Registration | Indian Subsidiary | Micro Finance Company Registration | Digital Signature Certificate | Tan Registration | Drug License Registration | Property Registration | Property Verification | Website Privacy Policy | Addition of Director | Change in Director | Directors Remuneration Income | Income Tax Return Filing for Companies | Trademark Objection | ISO 9001 2015 Quality Management System | Halal Certification | WHO GMP Certification | GDP Certification | CE Mark Certification | ISO 45001:2018 Certificate | ISO 22000 Certification | ISO 27001:2013 (Information Security Management System) | Current Account Opening | HACCP Certification | Loan |