Income Tax Notice: The deadline for filing returns is 31st July and crores of taxpayers have already started filing it. Many people are in a hurry and some people make some mistake while filling the return. Now that the notice has come, do not panic, understand it expertly and answer it, so that the tax money can also be returned. Let’s know about it in detail.
Like every year, the filing of Income Tax Return has started. Till now about 2 crore taxpayers have also filed their returns. Due to various changes in the return form, some people may have also received a notice from the Income Tax Department. Due to the mistake in filling ITR, your return money also got stuck. But, instead of panicking, if you answer this notice properly and provide the details, then the Income Tax Department can also refund the money of your return.
Tax expert and CA Prashant Jain says that if you get income tax notice then you should not panic. The department often sends demand notices regarding the defaults made by you. On receiving the notice, prepare all your details and its documents with the advice of an expert. Then go to the website of the Income Tax Department and file your answer.
In how many days will you have to answer
The Income Tax Department mostly sends demand notices under section 143(1). If any problem is found in your return, then the department sends a notice under section 139(9). After the notice is issued, the department gives you 30 days to file a reply. Within this deadline, all the documents have to be provided regarding your dues and details filled in ITR.
- Open the e-filing portal of the Income Tax Department.
- An e-file will appear on the portal, click on it and go to Response to outstanding Tax Demand.
- Every year’s tax demand will appear on the screen.
- Click on Submit next to the notice of the year for which you have to respond.
- Now you have to answer this in 3 ways. The first option that the demand notice is correct and you agree to pay tax. Second option The demand is slightly correct and you want to give clarification. In the third option, you can reject the demand.
