Income Tax Notice : If you have given all the correct information to the Income Tax Department while filing ITR, then there is no need to worry, but if you have not done so, then you can get a notice from the Income Tax Department. In such a situation, here we are telling some types, due to which the notice of the Income Tax Department can be received.
Income Tax Return: Crores of people have filed income tax returns for the assessment year 2023-24. You have to disclose your earnings while filing income tax return. In such a situation, people should also be very careful while filling ITR because people can also get notice from the Income Tax Department due to various reasons.
If you have given all the correct information to the Income Tax Department while filing ITR, then there is no need to worry, but if you have not done so, then you can get a notice from the Income Tax Department. In such a situation, here we are telling some types, due to which the notice of the Income Tax Department can be received.
Information under section 143(1)
A taxpayer who has filed his return under section 139 or 142(1) of the Income-tax Act may be issued a notice under section 143(1) accepting either return of income. Notice can be issued if any discrepancy is found. These include any arithmetical error in the tax return, incorrect claim of deductions, exemptions, allowances etc.
by the taxpayer, disallowance of any loss in case the taxpayer returns or claims certain specified deductions, tax audit report (where tax audit is applicable) Disallowance of expenditure shown in, but not taken into account in computing the total income in the tax return, additional income appearing in Form 26AS or Form 16A/Form 16 which has not been included while computing the total income in the tax return Has gone etc. come under these section.
Notice under section 143(2)
A taxpayer [who has furnished return under section 139 or 142(1)] may be given a notice under section 143(2) of the Income-tax Act if the Assessing Officer (AO) is satisfied that considers it necessary or expedient to show that the assessee/taxpayer has not understated income or set off excess loss or has paid short tax in any manner. The AO may, through such notice, ask the taxpayer either to attend the office of the AO or to produce any evidence on which the taxpayer may rely in support of the return.”
Notice for demand under section 156
You may receive a notice under section 156 of the IT Act when the Assessing Officer makes a demand for any tax, interest, penalty or any other amount payable by the person.
Intimation for set-off of refund u/s 245
If refund becomes due to a taxpayer under the provisions of the IT Act and such taxpayer also has outstanding tax liability in respect of previous financial years, u/s 245 of the IT Act Notice may be issued to the individual taxpayer and his assessee. Unpaid taxes will be adjusted against the refund receivable. Taxpayers should respond with dissent and evidence if needed in this matter.
Notice for defective return u/s 139(9
) The Income Tax Department can serve a notice under section 139(9) of the Income Tax Act to inform the taxpayer of the defect. Experts in this matter say that the taxpayer is required to rectify such defect within a period of 15 days (or any extended time limit) from the date of such intimation and if the defect is not rectified within the specified period , then the return will be refunded. This will be treated as an invalid return.
Notice under section 142(1) A
notice under this section can be issued when a person or entity has already filed its income tax return and is required to submit additional details and information.
Notice under section 148
This notice can be issued when the Income Tax Department reopens the previous assessment return due to suspected low income. In such notice, taxpayers get a chance to give clarification.
