INCOME TAX NOTICE
Income tax notices are sent by the Income Tax Department for various reasons like not filing the income tax return, defect in the filing of Income tax return or other instances where the tax department requires additional information or documents as per the specified sections . Once , received the income tax notice from the concerned department is required to reply those information which is required by the assessing officer correctly as per the books of accounts and the statements with proper manners and follows all these statutory compliances as per the Income tax Act .
TYPES OF INCOME TAX NOTICE
Notice u/s 143(1) – Intimation
This is one of the most commonly received income tax notice. The income tax department sends this notice seeking a response to the errors/ incorrect claims/ inconsistencies in an income tax return that was filed. If you want to revise the return after receiving this notice, it must be done within 15 days. Else, the tax return will be processed after making necessary adjustments mentioned in the 143(1) tax notice.
Notice u/s 142(1) – Inquiry
This notice is addressed to the assessee when the return is already filed and further details and documents are required from the assessee to complete the process. This notice can also be sent to necessitate a taxpayer to provide additional documents and information.
Notice u/s 139(1) – Defective Return
An income tax notice under Section 139(1) would be issued if the income tax return filed does not contain all necessary information or incorrect information. If tax notice under Section 139(1) is issued, you should rectify the defect in the return within 15 days.
Notice u/s 143(2) – Scrutiny
An income tax notice under Section 143(2) is issued if the tax officer was not satisfied with the documents and information that was submitted by the taxpayer. Taxpayers who receive notice under Section 142(2) have been selected for a detailed scrutiny by the Income Tax department and will have to submit additional information.
Notice u/s 156 – Demand Notice
This type of income tax notice is issued by the Income Tax Department when any tax, interest, fine or any other sum is owed by the taxpayer. All demand tax notice will stipulate the sum which is outstanding and due from the taxpayer.