Reasoned explanations why you may obtain a notice through the tax department
Listed here are typical reasons taxpayers could possibly get money income tax notice and exactly how they could avoid them.
1. For delay filing I-T return For those who have perhaps not filed your return because of the due date, you certainly will get a reminder notice through the tax division. You will get this notice prior to the end associated with the evaluation for which the return is due year.
Saraswathi Kasturirangan, Partner, Deloitte India stated that filing tax return where in fact the person has income that is taxable mandated under section 139(1). The notices for non-filing because of the date that is due generally speaking automatic reminders which point l out of the responsibility under section 139(1) and remind taxpayers to register their comes back in order to avoid charges. “However, a notice under section 142(1)(i) might be granted needing the taxpayer to furnish the return if you don’t filed inside the deadline,” she said. More