Starting at Rs. 2500 (Excl of Taxes)
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.
The Notice received shall be shared with the MyEfilings Team.
The additional Information required to understand the notice shall be asked for.
The information as well as documents received shall be submitted to the Income Tax Department.
Congratulations your notice has been resolved. You shall get a order from the department as a confirmation of closure of the notice.
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.
Proceedings kept out of E-Proceedings