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Income Tax Filing Income Tax Returns, in malfunction or other instances filing returns is where the tax authorities require additional information or documents are sent to the tax notice. There is no reason to be worried or afraid of receiving income-tax notice. However, the taxpayer should take notice of the nature of the request for notice or understand the commands and steps to take steps to comply.
eMindsCA.com provides a comprehensive suite of services for families and businesses so that they can help maintain their tax compliance. If you get in touch with a tax expert eMindsCA.com to then receive tax notice, a better understanding of the tax notice and determine a course of action. You can send a copy of tax notice and question to [email protected] Our tax specialists can advise you on the type of notice received and can assist in compliance with tax information or order.
Types of Income Tax Notices
- One Person Company
- Limited Liability Partnership
- Private limited Company
- Public limited Company
Information U / S 143 (1) - Notice
This is one of the most received income-tax notice. The Income Tax Department sends this notice seeking answers to errors / incorrect claims/discrepancies in an income tax return. If you want to revise the return after receiving this notice, then it should be done within 15 days. And, 143 (1) tax notice will be processed after making necessary adjustments mentioned in the tax notice.
Information U / S 142 (1) - Inquiries
This notice is addressed to the assessee when the returns are already recorded and more details and documents are required from the assessee to complete the process. This notice can also be sent for the need for a taxpayer to provide additional documents and information.
Information U / S 139 (1) - Faulty Returns
Income tax notice will be issued under section 139 (1), if the income tax return is filed, then all necessary information or wrong information will not be included. If a tax notice is issued under section 139 (1), then you should correct the error in return within 15 days.
Information U / S 143 (2) - Investigation
An income-tax notice is issued under Section 143 (2), if the tax officer was not satisfied with the documents and the information presented by the taxpayer. Taxpayers receiving notice under Section 142 (2) have been selected for detailed investigation by the Income Tax Department and they 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 there is no tax, interest, fines or any other amount due by the taxpayer. All demand tax notices will determine the amount that is owed to the taxpayer and is payable.
How do we help with a Tax Notice
eMindsCA.com can help you understand and respond to income tax notices.
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