# taxnotice
12 posts in `taxnotice` tag
ITR-B Online: New Ease for Section 158BC Notices
This blog post details a significant update for taxpayers who have received a notice under Section 158BC of the Income-tax Act, 1961. It explains that Form ITR-B, a special return for undisclosed income found during past search and seizure operations, can now be submitted conveniently through the Income Tax portal's e-Proceeding tab. The article clarifies what a Section 158BC notice entails, highlights the benefits of online submission (convenience, efficiency, transparency), provides step-by-step guidance, and emphasizes the crucial role of professional advice for these complex assessments.
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By Krishna
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Income Tax Notice under Section 143(2): Meaning, Scrutiny Process, Deadlines & Response Guide
Have you received a notice under Section 143(2)? Don’t panic. This blog explains what it means, why it’s issued, the deadlines to track, and how to respond effectively ensuring you're well-prepared for any scrutiny with confidence.
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By Krishna
Income Tax Notice: Decoding Section 142(1) for Missing Deductions in Your ITR
This comprehensive blog post demystifies Section 142(1) notices from the Income Tax Department, specifically when issued for missing or incorrect deductions in your ITR. It explains the purpose of such notices, common reasons for their issuance (like Form 26AS/AIS/TIS mismatches or lack of supporting documents), and provides a step-by-step guide on how to prepare an accurate and timely response. The post also highlights the severe consequences of non-compliance and offers valuable tips for prevention through meticulous record-keeping and thorough ITR review.
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By Krishna
ITR Scrutiny Notice u/s 143(2) for AY 2024-25: Don't Panic! Your Step-by-Step Guide to Responding
The Income Tax Department has begun dispatching scrutiny notices under Section 143(2) for AY 2024-25. This blog provides a detailed guide on understanding these notices, common reasons for their issuance, a step-by-step response strategy, and essential tips to prevent future scrutiny, ensuring taxpayers can navigate the process effectively.
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By Krishna
HRA in the New Tax Regime: What You Must Know to Avoid Notices
This blog demystifies the treatment of House Rent Allowance (HRA) under India's New Tax Regime. It clarifies whether HRA is exempt, outlines its impact on your tax filing process, and provides crucial advice on how to navigate the changes to avoid receiving tax notices. Learn the key differences from the old regime and ensure your tax compliance is seamless for the current financial year and beyond.
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By Krishna
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Got an Income Tax Notice? A Salaried Professional's Definitive Guide
Receiving an income tax notification can be intimidating, especially for salaried professionals. This comprehensive guide demystifies the reasons behind income tax notices in India, detailing common types (like 143(1), 139(9), 143(2), 148, and 156) and providing a step-by-step approach on how to respond effectively. Learn about discrepancies in income/TDS, defective returns, high-value transactions, and best practices to prevent such communications.
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By Krishna
our Guide to the Income Tax Intimation Password (Section 143(1))
This guide explains the purpose of an Income Tax Intimation notice received under Section 143(1) after filing your ITR. It details why the document is password-protected and provides the precise password format: your PAN number in lowercase followed immediately by your Date of Birth in DDMMYYYY format. Learn the step-by-step process to open the encrypted PDF, understand the calculation comparison within, and know what actions to take based on whether it shows a refund, demand, or no change.
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By Krishna
Comprehending Income Tax Notifications for Employed Persons in India (Financial Year 2024-25): An All-Inclusive Guide
A detailed guide detailing the reasons salaried individuals get income tax notices in India (FY 2024-25), the different kinds of notices, strategies for responding step-by-step, and measures to take in order to prevent receiving notices.
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By Krishna
CBDT Notifies New ITR-B Form for Tax Search Cases: 2025 Guidelines
This guide explains the newly introduced ITR-B form for taxpayers involved in search/requisition operations under sections 132/132A/153A/153C. It covers filing requirements, deadlines, consequences of non-compliance, and essential details to include.
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By Krishna
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143(1) Intimation Order – A Step-by-Step Guide for Taxpayers
An in-depth manual on Section 143(1) Intimation Orders, discussing the various types, adjustments, response methods, legal implications, and frequently asked questions to assist taxpayers in addressing discrepancies effectively.
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By Krishna
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Scrutiny on Rental Income: Tax Notices for TDS Non-Compliance on High Rent
The Income Tax Department is intensifying its efforts against non-compliance regarding TDS deductions for rental payments that exceed
50,000 per month. Understand Section 194IB, the penalties for failing to deduct, and the procedures to follow when addressing tax notices.
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By Krishna
Rental Earnings Being Evaluated: Income Tax Notifications for Non-Withdrawal of TDS on Elevated Rent
The Income Tax Department is intensifying its efforts against non-compliance regarding TDS deductions for rental payments that exceed
50,000 per month. Understand Section 194IB, the penalties for failing to deduct, and the procedures to follow when addressing tax notices.
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By Krishna