Income Tax Notices
Starting at Rs. 2500 (Excl of Taxes)
Income Tax Notices
Register your Pvt Ltd Co in 12 to14 Business Days*
Documents Required
- ID proof : (Passport/driving license/election card)
- Pan Card & Aadhaar Card
- Address Proof: (Bank statement/latest electricity bill)
- Rent Agreement / Agreement between Owner & The Company
- Utility Bill (Electricity bill/Mobile bill/telephone bill)
- NOC sign by owner
- DSC Form signed by both the directors
- DIR 2 signed by both the directors
- Declaration signed by directors and subscribers
Income Tax Notices Registration
Income Tax Notices is received when the assessing officer finds default in the return filed. A notice may be received due to various reasons like non-filing of Income Tax Return, Defect in the return filed, instances, where the income declared in the return filed, does not match with the data available with the Income Tax Department through various sources.
The Income Tax Department has recently made filing of Income Tax Notice & CIT(Appeals) faceless i.e the reply to the notices are to be given online without knowing who is conducting the assessment. This is a great initiative to reduce corruption and bring in more transparency.
There are various sections under which Income Tax notice may receive. It is always advisable to reply to the notices within the time
limit granted to avoid penalties and the addition of income. MyEfilings has a qualified team of Chartered Accountants who shall help you to understand and reply to the notice received by you hassle-free at a reasonable price.
Benefits of Filing Income Tax
The Income Tax Department may impose penalties under various sections for not replying to the scrutiny notice. MyEfilings shall
help you draft and submit the reply within the time limit to avoid
penalties.
If the reply to the notice is not given in a appropriate manner or
the information asked for is not provided, the assessing officer may make addition to the income and hence you would have to
pay more tax.
Process for Income Tax Notices Registration
Sharing the Notice
The Notice received shall be shared with the MyEfilings Team.
Information Collection
The additional Information required to understand the notice shall be asked for.
Submission
The information as well as documents received shall be submitted to the Income Tax Department.
Order
Congratulations your notice has been resolved. You shall get a order from the department as a confirmation of closure of the notice.
Income Tax Notices FAQ'S
No, every tax notice does not demand for additional tax. Notices are issued under different sections and every section has some different demand.
Yes, responding to tax notice is necessary in every case otherwise you have to face the consequences as stated afterwards.
Non-payment of tax demand attracts penalty and prosecution under various provisions of the Income Tax Act, 1961 and interest @ 1% p.m. or part of the month on the amount of default.
- Notice u/s 143(1)-Intimation
- Notice u/s 142(1)- To seek additional information or documents
- Notice u/s 139(9)- Defective Return
- Notice u/s 143(2)- Scrutiny Notice
- Notice u/s 156- Demand Notice
Particular proceedings may take place manually in following situation(s)
-Where manual books of accounts or original documents have to be
examined
-Where AO invokes provisions of Section 131 of the Act or a notice is
issued for carrying out third enquiries/investigations.
-Where examination of witness is required to be made.
Proceedings kept out of E-Proceedings
- Search cases
- Best Judgment assessment cases.
- Set-aside cases/remand back cases
- Non PAN cases.
To summarize, the date of first appearance of notice under E-proceedings tab in assesses official login on efilings portal shall be the date of dispatch as well as date of services of notice.
The e-assessment Scheme introduces the concept of team based assessment with dynamic jurisdiction which would bring about transparency, efficiency, and standardization of procedures by eliminating the human interface between the taxpayer and the Income-tax department.
