Income Tax Notice
Income tax notices are sent by the Income Tax Department for various reasons like not filing income tax return, defect in filing of tax return or other instances where the tax department requires additional information or documents. On receiving an income tax notice, there is no reason to be alarmed or frightened. However, the taxpayer must take steps to understand understand the nature of notice, the request or order in the notice and take steps to comply.
Types of Income Tax Notice:
Notice u/s 143(1) - Intimation
This is one of the most commonly received income tax notice. The income tax department sends this notice seeking a response to the errors/ incorrect claims/ inconsistencies in an income tax return that was filed. If you want to revise the return after receiving this notice, it must be done within 15 days. Else, the tax return will be processed after making necessary adjustments mentioned in the 143(1) tax notice.
Notice u/s 142(1) - Inquiry
This notice is addressed to the assessee when the return is already filed and further details and documents are required from the assessee to complete the process. This notice can also be sent to necessitate a taxpayer to provide additional documents and information.
Notice u/s 139(1) - Defective Return
An income tax notice under Section 139(1) would be issued if the income tax return filed does not contain all necessary information or incorrect information. If tax notice under Section 139(1) is issued, you should rectify the defect in the return within 15 days.
Notice u/s 143(2) - Scrutiny
An income tax notice under Section 143(2) is issued if the tax officer was not satisfied with the documents and information that was submitted by the taxpayer. Taxpayers who receive notice under Section 142(2) have been selected for a detailed scrutiny by the Income Tax department and will have to submit additional information.
Notice u/s 156 - Demand Notice
This type of income tax notice is issued by the Income Tax Department when any tax, interest, fine or any other sum is owed by the taxpayer. All demand tax notice will stipulate the sum which is outstanding and due from the taxpayer.
How we help with tax notice response
Copy of Notice
Submit a copy of the income tax notice received through email at email@example.com along with your phone and email address. On receiving the tax notice, our tax expert will call you for a consultation.
Based on the discussion, we will determine a course of action and response to the notice received. Our Tax Experts can help you draft and submit the response, based on your approval.
After submission of reply to the tax notice, if any additional information is received from the Income Tax Department, we can advice you on a suitable course of action.
We have tailor-made plan to help you understand the notice issued under various sections of GST law and advise you on how to respond to the issue raised. Such notice may be issued due to wrong instances in Registration, Levy, Inputs, refunds etc.
An expert having expertise in the field shall be allocated to you who shall represent you before authority or help you to submit your response.
Major reasons for Getting Notice
Short Levy or Non Levy
Short Paid or Non Paid
Error in availment of Input Credit
Wrong utilization of Input Credit
Non-Filing of applicable GSTR