Income Tax Notice

https://tax2win.in/guide/income-tax-notices

Receiving an income tax notice can be a daunting experience, but understanding its purpose and knowing how to respond is crucial. In this informative video, we break down the intricacies of income tax notices and guide you through the necessary steps to resolve any issues with the tax authorities.

An income tax notice serves various purposes, including:

• Non-filing of Income Tax Return: If you haven't filed your income tax return, the tax department may issue a notice to prompt compliance.
• Errors or Discrepancies: Notices can arise due to errors or discrepancies in the returns filed, such as mismatches between TDS values and income tax returns.
• Request for Information: The assessing officer may require specific documents or information from taxpayers to conduct assessments or audits.
• Audit Purposes: Notices may be issued for audit purposes under Section 143(1) of the Income Tax Act.

What are the most common causes of IT Notices, and what should be done if you have received such notice? Watch the full video.

Respond to Income Tax Department notices with our tax experts