Tag: Income tax notice

From FY 2023-24, Income tax department has made new tax regime as the default tax regime for Individual, HUF and ...

However, while processing the return the Income tax department is showing such return as defective return under section 139(9) of ...

Once, notice is received u/s 148 of the Act, assessee needs to file Income tax return in response to such ...

148A(b): It deals with issuing show cause notice to assessee and informing him about the information based on which the ...

However, they have even mentioned that in case assessee has already filed and shown interest income under "other income" then ...

Hence, it is advisable to check the information or data available on E-filing portal and it is advisable but not ...

if a person does not discloses foreign asset in it's income tax return it could result in a penalty under ...

The assessee has to file Appeal within 30 days from the date of service of order or demand as the ...

The notice is being served on the deductor for AY 2021-22 or AY 2022-23 in relation to the feedback being ...

As per the above notice it is not an assessment notice but a preliminary notice to assessee to inform him ...

Intimation u/s 143(1) of Income-tax Act, 1961 with the error description: “In Schedule 80P, deduction u/s 80P(2)(e) cannot be claimed ...

CPC has provided 15 day's time limit to respond to such notice. Since this is a system error of CPC ...

If no action is taken within the due time i.e. 15 days against such defective notice then it will be ...

Further, if an employee claims refund every year it could mean that assessee could receive notice and would end up ...

Further, in the next para they have even asked as to whether the return was prepared by self or by ...