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5 income tax related notices that salaried people may get

Taxpayers who have filed their Income Tax Returns (ITRs) for the financial year 2022-23 might receive an income tax intimation or notice for various reasons.

Different types of notices can be expected under various sections of the Income Tax Act based on anomalies in the ITR form.

Intimation notice under Section 143(1) informs taxpayers of assessment outcomes, stating payable tax or eligible refund based on provided data.

Section 143(2) and 143(3) notices follow if disparities exist between taxpayer's return and Income Tax Department's data, initiating comprehensive assessment.

Responding to a Section 143(1) intimation: Validate, pay tax if required, assert refund claim if applicable.

A defective ITR under Section 139(9) can lead to notice, necessitating submission of a revised return to rectify discrepancies.

Responding to a Section 139(9) notice: File a revised return, settle additional tax obligations, assert refund entitlement.

Inquiries before scrutiny assessment under Section 142 involve notices requiring taxpayers to submit information, documents, or written explanations.

Responding to a Section 142 notice: Submit income return, provide requested accounts/documents, furnish information as required.

Click here to know more about income tax notices. 

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5 income tax related notices that salaried people may get

Some tactics used to save on deductions may cause you to face unwanted notices from the Income Tax Department. Not all notices are unjustified nor must be responded to. The Department can send various types of notices to salaried individuals regarding their income tax matters.

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5 income tax related notices that salaried people may get

Some tactics used to save on deductions may cause you to face unwanted notices from the Income Tax Department. Not all notices are unjustified nor must be responded to. The Department can send various types of notices to salaried individuals regarding their income tax matters.

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