Income Tax Scrutiny
If the Income Tax Department is not satisfied with your particulars in the Income Tax Returns (ITR) or if they have a question/doubt for you, they can send you a notice, letter or in serious cases even summon you.
Income Tax Department might have found certain discrepancies in data, errors in calculations, wrong entry of certain data, etc. In such cases, the Income Tax Department issues a notice otherwise known as Intimation Order. Sometimes, even a minor error in tax return can cause you receive a notice from the tax department.
Further, considering the spike in the number of notices being served on income tax assessees, it becomes prudent that you should consult a qualified Chartered Accountant who can look after your notice and guide you professionally as to how the same can be replied and resolved even if it includes Liaisoning with the Income Tax Department.
Income Tax Notice is a means of communication of the Income Tax Department regarding any queries or assessment needed. It should always be taken seriously by taxpayers. Let us help you in resolving the same for you.
Documents Required
- The notice/ intimation served to you at the first place.
- The copy of last income tax return filed with the Income Tax Department and their computation (including of previous years if it becomes necessary).
- Copy of documents regarding income and investments claimed in the return.
- Proof of all deductions claimed while filing Income Tax Return.
- Depending on the nature of notice, we may require some other information and documents as well.
Features & Benefits
An income tax notice can come under the following sections briefly:
- Under Section 142(1) when your return is selected for scrutiny. You will be given a notice where many questions and documents are asked by the assessing officer.
- Under Section 142(2A) when you can be given notice for the requirements of special audit of your accounts.
- UnderSection 131 when you do not attend any proceeding by the Investigation wing officer and this notice can be issued.
- Under Section 133(6) when you may be asked further information.
It is required that as soon as you receive any notice from the Income Tax Department, you should be quick to understand its nature. We can help you ease the situation as we have had ample experience in our day-to-day practice with our years of practicing in taxation fields. Consequences of not complying with these notices can get you penalties and even imprisonment of various severities.