Home BusinessReceived an Income Tax Notice After Filing Your ITR? Here’s What to Do Next
When you receive an income tax notice from the Income Tax Department, it’s important not to panic. Instead, take the time to understand why you received the notice and what it means for you. There are various types of income tax notices that you may receive, including:
1. Notice under Section 139(1): This notice is sent if your tax return is incomplete or contains inaccurate information. You have 15 days to fix any flaws in your return.
2. Notice under Section 143(2): If the tax officer is dissatisfied with the information or documents you have provided, they may issue this notice. You will be required to provide further information for review.
3. Notice under Section 156: Also known as a demand notice, this notice is sent when you owe money in the form of taxes, interest, penalties, or other debts. The notice will clearly state the amount required.
4. Notice under Section 245: If the officer believes you owe back taxes, they may issue this notice to deduct the amount from your current-year refund. You will be given notice and a chance to reply within 30 days before any changes are made.
5. Notice under Section 148: This notice is sent if the officer believes you have failed to file your return or have not filed it when required by law. The officer may review your income in certain instances.
To properly respond to these notices, make sure to:
1. Respond within the given timeframe, usually 30 days.
2. Verify the identity information, assessment year, and e-filing acknowledgment number in the notice.
3. File updated returns within 15 days if any errors were made in the initial ITR filing.
4. Submit a rectification return if the Income Tax Department’s order contains errors or inaccuracies.
5. Understand the reason for the notice and the discrepancy between your reported income and the notice’s income.
6. Respond to a demand notice issued under Section 156 within 30 days to avoid interest and penalties.
To check outstanding tax demands and find information about your jurisdictional assessing officer, log in to the official website of the income tax filing using your user name and password. Then, follow the relevant steps outlined on the website.
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