ITR Login: Experts say that the claims made by you several times in your income return may attract the attention of the Income Tax Department and they may get notices. What should you do if you also get a notice from the Income Tax Department? Let’s know about it..
Income Tax Return: If you have filed your Income Tax Return (ITR), then Income Tax Return is also scrutinized by the Income Tax Department. On the other hand, if the Income Tax Department finds some doubt while checking the income tax return, then it can also send a notice.
Recently, several reports have said that the Income Tax Department is sending notices to salaried taxpayers seeking proof of tax exemptions and deductions claimed through them in ITR. Tax rules allow individuals to claim several tax exemptions and deductions under the old regime. However, experts say that the claims made by you several times in your income return may attract the attention of the Income Tax Department and they may get a notice. What should you do if you also get a notice from the Income Tax Department? Let’s know about it…
Don’t ignore it
Ignoring the notices of the Income Tax Department can lead to serious legal consequences. Make sure to respond within the time limit mentioned in the notice.
Read carefully
Understand what the notice is about. This will generally include specific details regarding identified discrepancies or issues.
Collect the required documents
Collect all relevant documents and information that may support your case or explain the discrepancies mentioned in the notice.
Consult a professional
It may be wise to consult a Chartered Accountant (CA) who is an expert in Income Tax matters. They can help you understand the issue more clearly and guide you in formulating an appropriate response.
Draft a response
If you choose to respond in person, carefully draft a response addressing the issues raised in the notice. Be clear and concise and provide evidence if necessary.
Submit feedback
Follow the instructions in the notice to submit your feedback. The response is generally required to be submitted online on the income tax portal.
Keep records
Be sure to keep copies of all communications, including the original notice and your response, along with supporting documents
