Income tax notice

Top 10 reasons why you may get a notice from the income tax department

“Taxpayers, in general, are issued income tax notices under Section 139(9), 143(1), 143(2), 143(3), 245, 144, 147 and 148 of Income Tax Act, 1961 regarding non-filing of ITR, concealment of taxable income, claiming an in genuine tax refund, computing excessive tax losses, long term capital gains (LTCG), scrutiny etc.” Here are 10 common reasons taxpayers can get …

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Section 143(1)

Income Tax Notice: Know when and to whom the notice of section 143(1) comes, what to do if it comes

After you file the income tax return (I-T return), the department sends an intimation notice. If you pay more or less tax, then in both these circumstances the IT department sends an intimation notice. Intimation notice is in case of short tax payment to the taxpayer to pay the balance amount and settle the issue. …

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Actor Anushka Sharma has approached the court against what she believes is an inflated tax notice

Actor Anushka Sharma has approached the court against what she believes is an inflated tax notice. The actor has gone to the Bombay High Court challenging two orders passed by the deputy commissioner of Sales Tax on dues for 2012-13 and 2013-14. Judges Nitin Jamdar and Abhay Ahuja today directed the sales tax department to …

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Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the FY 2020-21 (AY 2021-22)

Subject: Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the Financial Year 2020-21 (AY 2021-22). Your kind attention is drawn where CPC, Bangalore had raised Income Tax demand under section 143(1) for the Financial Year 2020-21 (Assessment Year 2021-22) against some of the Army Officers. In this regard it …

Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the FY 2020-21 (AY 2021-22) Read More »