People assume that their work is done after filing income tax returns. Although this is not true. Let the people who are worried by filling the Income Tax Return i.e. ITR, tell that the notice can come even after filing the return. Many types of notices come to the taxpayer from the Income Tax Department.
Several weeks have passed since the last date for filing Income Tax Return (ITR Deadline). After this, the process of ITR Assessment is going on in the Income Tax Department. Those who filed the correct return (ITR Filing) are getting the refund from the Income Tax Department, while the wrong taxpayers are getting the Income Tax Notice from the Income Tax Department. Getting a notice from the Income Tax Department is not a good thing from anywhere, but it is also not right to panic as soon as you get the notice. The Income Tax Department sends notices to the taxpayers for many reasons. Let us know why notices come from the Income Tax Department… What to do if you get the notice… Why should not be afraid of notices…
Generally people assume that their work is done after filing income tax return. Although this is not true. Let the people who are worried by filling the Income Tax Return i.e. ITR, tell that the notice can come even after filing the return. Many types of notices come to the taxpayer from the Income Tax Department. If there is a difference between the tax paid and the taxable income, a notice is received from the department. Claiming huge refunds in income tax returns also becomes a reason for notice.
There are many types of notices from the Income Tax Department. According to the notice being sent to any person or business or company, the category of the notice is decided. There are about 15 to 20 types of notices, some of these notices are such that are sent to individuals. These are the income tax notices generally received by the people…
Section 142: If a person has not filed ITR, then the Income Tax Officer can ask him to file the return by giving a notice under section 142. Notices can also be sent under this section for seeking minor information or clarifications.
Section 143 (2): This is a notice of scrutiny. This means that the Income Tax Department wants information from you in some more details. Under this, many information like book of accounts, bank statement can be asked. Based on these assessment will be done. This notice comes after filing income tax return. People get this notice the most.
Section 144: It is called Best Judgment Assessment. If you have not filed ITR or have not responded to the notice issued under section 142 or 143(2), then the Income Tax Officer can send a notice under section-144. In such a situation, the officers can assess the income on the basis of existing information and impose tax, interest and penalty on it.
Section 147/148/149: If the Income Tax Department officer finds that the earlier assessment of your income does not include some income or you have any income which has not been disclosed earlier, then this notice may come.
Section 143(1): Under this notice comes when you have made any mistake in ITR or have given wrong information. In such a situation, the Income Tax Officer asks your side by issuing a notice. If you are not satisfied with the answer, your tax can be increased or the deduction can be reduced.
Also, send notices under section 139(9) for defective return, section 153(A) for search and seizure, section 156 for tax, interest or penalty in arrears, section 131(A) on suspicion of suppression of income can go.
