Sunday , November 24 2024

Income Tax Notices: Income Tax Department sends 7 types of Income Tax Notices to employed people, know what is the reason | News India

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Income Tax Notice: After filing income tax return, many times people receive some kind of notice from the Income Tax Department. The Income Tax Department can send not one or two but 7 different types of notices. All these notices are sent under different sections of the Income Tax Act. Different time is given to respond to each notice. Let us know about these 7 income tax notices sent by the Income Tax Department to the employed people.

1. Section 143(1)(a) tax notice

This tax notice is sent when the ITR is successfully processed by the Income Tax Department. It tells whether the tax calculation done in ITR has been accepted by the Income Tax Department or not. If there is a discrepancy, it is reported and you are asked to fix it. The Income Tax Department gives 30 days to correct the discrepancy.

2. Section 139(9) Defective ITR Notice

This notice is sent by the Income Tax Department when someone's ITR becomes faulty. ITR is defective when it is submitted with incomplete information or wrong ITR form is selected. You have 15 days to respond to this notice.

3. Section 142(1) tax notice

This notice is sent to any person when the Income Tax Department feels that the income of that person is taxable, but he has not filed ITR. In the notice you will be asked why you have not filed ITR despite your income being more than the tax exemption limit. You have about 15 days to respond to this notice.

4. Section 143 (2)

This notice is sent to someone when his ITR needs to be checked. Under this, the Income Tax Department wants to check how correct the deductions or claims made by that person are. To check these, the Income Tax Department may also ask you for proof of some things. You also have about 15 days to respond to this notice.

5. Section 148

You may receive this notice from the Income Tax Department whenever the assessment officer feels that some of your income has been left out of assessment. In such a situation, the assessment officer presents some evidence before you, which shows that some of your income has been left out of assessment. In the notice you may be asked why your case should not be reassessed. You have about 30 days to respond to this.

6. Section 245

This notice is sent to an individual when his ITR refund is adjusted with his previous tax due. The Income Tax Department gives you a notice informing you that your refund has been adjusted with the outstanding amount. You have approximately 30 days to respond.

7. Section 154

If your ITR has been processed and accepted by the Income Tax Department and then a mistake is found, a notice under section 154 may come. Usually this notice is sent within 4 years of filing ITR and you are asked to rectify the mistake.