How do I handle my income tax notice?

How do I handle my income tax notice?

Do not panic, simply oblige the taxman. Respond to the notice, and furnish the documents and information the department has sought. File a rectified return and pay the tax due, if any, within the stipulated period. In some cases, tax officials may ask you to be present in person for checking returns filed by you.

What happens if you don’t respond to income tax notice?

You can write to the local assessing officer for an extension but if you don’t respond, your return will be considered invalid. Go to the income tax filing site https://incometaxindiaefiling or and download the right ITR form under the given assessment year.

What is error code 202 in income tax return?

Q- What is error code 202 in income tax return notice u/s 139(9)? While giving a response to notice u/s 139(9) error code 202 is widely seen. This code means the total receipts shown under all heads of income in ITR is less than the gross receipts coming in your Form 26AS.

How do you respond to notice?

If you received the I-T notice on mail, then you can reply to it online. Log in to the Income Tax e-Filing website and go to the Compliance section and locate the notice. You can respond with one of the following replies available: Return is filed.

How do you respond to a scrutiny notice?

5 From where can I reply to notice issued for Scrutiny of Returns? Ans: Navigate to Services > User Services > View Additional Notices/Orders > View > REPLIES option.

How do you respond to notice us 142 1?

He must first issue a notice u/s 142(1), asking you to first file returns. When you receive the notice u/s 143(2), you must produce all documents supporting the deductions, exemptions, allowances, reliefs, and other claims made while filing the returns. You must provide proofs related to all your income sources.

How do you respond to notice under section 143 1?

How to respond to notice under Sec 143(1)(a)(ii)

  1. Visit to Income Tax e-filing Website.
  2. Go to e-Proceeding > e-Proceedings or Worklist.
  3. Click on Adjustment u/s 143(1)(a) hyperlink.
  4. The details of notice will appear on the screen.
  5. The details of mismatch will appear on the screen.
  6. Submit Response.

What is the meaning of intimation US 143 1?

Intimation under section 143(1) is sent to a taxpayer only in case any tax or interest is found payable or refundable or there is any increase / reduction in loss. The intimation would contain the details of return filed by you and the computation as done by the income tax department….

What is filed in response to Notice U S?

Details such as ITR, A.Y, e-Filing Acknowledgement No., CPC Reference Number, Notice Date, Status and Response are displayed. All the identified defects from the filed ITR is displayed to the taxpayers. …

Who is liable for advance tax?

Salaried, freelancers and businesses– If your total tax liability is Rs 10,000 or more in a financial year you have to pay advance tax. Advance tax applies to all taxpayers, salaried, freelancers, and businesses. Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax.