The income tax department issues refund after processing returns. In some cases he issues notice to taxpayers. There is no refund issue when this happens. There can be many reasons for the Income Tax Department notice. However, people are usually scared as soon as the income tax notice is received. They feel that there is a big mistake. Experts say that taxpayers do not need to be afraid after receiving the notice of the Income Tax Department. Especially if the taxpayers have not hidden any income, have not given the wrong deduction claim then they do not need to be afraid.
There may be many reasons for issuing notices for the Income Tax Department. Election of wrong ITR form, mistake in tax calculation, showing less income are included. Experts say that on receiving the notice, it is necessary to first know what the department has written in it. In most cases, after reading taxpayers notice, it is understood what has been said in it. In some cases, taxpayers may have to take the opinion of tax experts.
Intemission notice under section 143 (1)
Notice on defective returns under section 139 (9)
If the taxpayers have not given complete information in their ITR form or have given incomplete information, then this notice is sent. Many people file returns in wrong ITR form. Sometimes personal information like PAN and name makes a mistake. In such a situation, the department issues this notice. Revised returns should be filed before 31 December to correct the information on getting this notice.
Section 148 (Recepment) notice
When the Income Tax Department feels that the taxpayers have given their income less in ITR, they issue notice under this section. Many taxpayers do not tell about high value transactions such as property, investment and deposits. Some taxpayers do this to avoid paying taxes. On receiving such a notice, it is necessary to respond within 30 days for the taxpayer. If the taxpayer feels that he has not hidden any information, he can submit its proof to the department.
Notice for not filing ITR
The Income Tax Department also issues notice on not filing ITR. In this, he asks the reason for not filing the return. If after getting such a notice, you feel that you should file returns, then you should file a billowed return. If you feel that it is not necessary for you to file returns, then you should reply to the Income Tax Department about it.
Notice under section 156
This notice is issued by the Income Tax Department when it feels that the tax you have paid is less than your actual tax liability. It is necessary to answer such a notice within 30 days. If it seems that you have paid the right tax, then you can appeal against this notice.