Income Tax Notice
INCOME TAX NOTICE:
Income Tax Department issue various Tax notice to taxpayers which depend upon circumstances raised due to provisions of the Income Tax Act. There may be kinds of acts for which the income tax department can issue these notices like – non filing income tax return, incomplete Returns, and the use of wrong income tax return forms. Etc. The Law Compliances Team helps to resolve the issue through Expert. And manage the notice effectively with the best possible response to the income tax department on your behalf. Law Compliances team, on receiving notice from your part, advises you according to the law of the Income Tax Act and provides expert support for issued notice.
INCOME TAX NOTICE: Income Tax Notice is forwarded to taxpayers for various causes and reasons. These different types of notices are as follows:
• Notice U/S 131 (1A) Income Tax Act: The AO can issue this notice if he has reason to believe that the taxpayer is knowingly concealing his income and part thereof. In such a situation, he can enquire all books of account of taxpayers and scrutinize the taxpayer’s income.
• Notice U/S 139(9) Income Tax Act: When a return is found defective, the A.O. gives you a period of 15 days to correct the mistake. The return can be considered defective for one or many reasons as missing information, use of wrong ITR, incomplete return, etc. when the taxpayer does not respond to notice within a specified time, the aid income tax return gets rejected.
• Notice U/S 142(1) Income Tax Act: The AO serve this notice due to reason of the demand of additional document from the taxpayer pertaining to filed income tax return and in the case when the taxpayer do not file an income tax return but AO requires the return as per the provision of income tax Act. The penalty on non-compliance to this notice is Rs 10,000/- fine or sentence up to 1 year or Both.
• Notice/Intimation U/S 143(1) Income Tax Act: The Intimation u/s 143(1) is sent to all taxpayers by the Income Tax Department. This contains information about any increase/decrease in tax/interest Payable or increase/decrease in Refund or adjustment in loss claimed etc. in such case if taxpayer realize that the intimation is proper then he must do compliance required and if find that the intimation is not proper then he should file an application for rectification or an Appeal under the provision of income Tax Act.
• Notice U/S 143(2) read with section 143(3) income Tax Act: This notice is issued by the income Tax Department when tax payer income tax return is considered for scrutiny Assessment/ detailed assessment U/S 143(3). This is to confirm the correctness of various claims, deductions etc. made by tax payer in their income tax return to ensure that the ITR has been filed with the correct income and taxes are paid accordingly. In case of default tax payer might be prosecuted as per the provision of 272(a)(1) income Tax Act.
• Notice U/S 148 income Tax Act: This notice is issued by the AO to tax Payer when AO has reason to believe that disputed ITR has been filed on a lower income or not filed accordingly as per the provision of income tax Act. • Notice U/S 156 income Tax Act: This notice is also called as notice of demand and same is issued if income tax Department demand penalty or fine or tax or any other amount which the tax payer is supposed to pay to the department.in such case, tax payer need to pay the due amount within 30 days on receiving the notice.
• Notice U/S 245 income tax Act: This notice is issued by the department if AO has reason to believe that Tax payer has previous year tax liability which is not paid in that case, notice is issued to adjust previous year’s demand of tax payable with the current year’s refund. In case non-compliance of notice issued u/s 245 the department will consider it as consent to adjust the tax refund with previous tax liability and after such adjustment issue the refunds if any.
CHOOSE REQUIRED PLAN:
Basic: Examination of income tax notice with the response from an Expert.
Service Fees- 699/- Including Taxes
Standard: Examination of income tax notice with the response from an Expert and filling the revised return.
Service Fees- 2099/- Including Taxes
Ace: Examination of income tax notice with the response from an Expert and filling revised return with submission of the document on request.
Service Fees- 4999/- Including Taxes.
Working Process:
>Choose your Plan and Pay Securely.
> Upload required document
> A Tax expert will be assigned to you for the procedure of submission of the application.
> Our Tax Expert will complete process required for your work along with the necessary assistance over call during business hours.
Frequently Asked Question (FAQ’S):
Q- How do you reply to notice?
Ans: You can reply to an income tax notice online. You can visit the online website of the income tax department which is used for e-filing of returns. Log into your online account and respond to the notice that you have received.
Q- Do I get income tax notice for current account transactions?
Ans: Yes, income tax department can issue notices for current account transactions as well, if it has a reason to do so.
Q- 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 the income tax portal but remember not all notices can be checked through portal, for all notices enquiry, you can visit ITD and ask your query there.
Q- Does a salaried person get an income tax department notice?
Yes, a salaried person also gets income tax notice. The notice u/s 143(1) is an intimation which is sent by ITD to every taxpayer.However, you can receive other income tax notices if IT has reasons to believe that income has been concealed by you or on any other grounds.
Q- How do I pay my tax on demand?
Ans: You can pay your tax on demand online. To do so you can visit the e filing website of the income tax department and log into your account. You can then check the amount of outstanding tax demand under Response to Outstanding Tax Demand under the e-File option. Then, under the Pay Tax column choose Click Here. You would be taken to the NSDL website wherein you can fill the online form and pay the tax on demand. ***