Monday, 14 August 2017




There are some sections of the Income Tax Act under which you can get the income tax notice.
No need to panic if you receive the income tax notice instead understand the reason of getting the income tax notice and its implications.
Section 139(9):
There are some cases in which you will get a notice under section 139(9):
  • Wrong ITR form while filing income tax returns.
  • Mismatch in the name on the form and PAN card.
  • Paid taxes but not mentioned income.
  • Not paid the whole tax due.
  • Claimed a refund for deducted tax but not mentioned the relevant income.
Time to respond: Within 15 days of date of intimation by assessing officer.
You can contact our experts for any assistance: https://www.trutax.in/affordable-tax-services-and-plans
Section 245:
In Section 245, you will get this notice or intimation letter if you have claimed a refund in some assessment year, but there is also some outstanding tax to be paid by you.
Time to respond: In the specified duration, as per the notice by the assessing officer.
You can contact our experts for any assistance: https://www.trutax.in/affordable-tax-services-and-plans
Section-143(2):
If you get notice under section 143(2), it means your returns has been selected for scrutiny by Assessing officer which means the tax filed return by you was incomplete in document or not proper.
This can be of three types:
  • Limited purpose Scrutiny.
  • Complete Scrutiny.
  • Manual Scrutiny.
Time limit to respond: The assessee will have to appear in person before the officer on the date specified in the notice.
You can contact our experts for any assistance: https://www.trutax.in/affordable-tax-services-and-plans
Section 143(1):
This is an intimation about the returns filed by you.
Time limit to respond: If tax is due then you will have to pay it in within 30 days. If there is no discrepancy then you no need to worry about this.
You can contact our experts for any assistance: https://www.trutax.in/affordable-tax-services-and-plans

Section 143(1A):
This income tax notice under section 134(1) is sent only if there is any discrepancy in the income mentioned in the return and form 15, Section 80C deductions and Form 16AS, then verification will be sought.
Time limit to respond: Within 30 days of issue of intimation.
You can contact our experts for any assistance: https://www.trutax.in/affordable-tax-services-and-plans

Wednesday, 9 August 2017

Income Tax Notice-Understand Section 143




As we all know that it is very important to file your income tax returns on time but filing ITR correctly is also very important. If there will be any error in income tax return filed by you then you can expect income tax notice.
In that case you no need to panic about the income tax notice and just need to understand the various sections under which you have received it.

Section 143(1):

This is an intimation about the returns filed by you.
Time limit to respond: If tax is due then you will have to pay it in within 30 days. If there is no discrepancy then you no need to worry about this.
You can contact our experts for any assistance: https://www.trutax.in/affordable-tax-services-and-plans

Section 143(1A):

This income tax notice under section 134(1) is sent only if there is any discrepancy in the income mentioned in the return and form 15, Section 80C deductions and Form 16AS, then verification will be sought.
Time limit to respond: Within 30 days of issue of intimation.
You can contact our experts for any assistance: https://www.trutax.in/affordable-tax-services-and-plans

Section-143(2):

If you get notice under section 143(2), it means your returns has been selected for scrutiny by Assessing officer which means the tax filed return by you was incomplete in document or not proper.
This can be of three types:
  • Limited purpose Scrutiny.
  • Complete Scrutiny.
  • Manual Scrutiny.
Time limit to respond: The assessee will have to appear in person before the officer on the date specified in the notice.
If you fail to comply with the provisions of this section:
  • Prosecution up to one year with or without fine.
  • Penalty of Rs. 10,000 for each failure under section 271(1) (b).
  • Best Judgement assessment of your case under section 144.

Saturday, 5 August 2017

Last date for filing of Income Tax Returns is 5th Aug(Saturday)



The Income Tax Department had recently extended the deadline to 5th Aug for filing the Income Tax Returns.
There are two ways to file the income tax returns online. In one method individual can download the applicable form from the Income Tax e-filing website, fill the form offline, save it, generate the XML file and then upload it.
Another way for filing the income tax returns online is to fill the data directly in an online form and then submit it.

There are some important things to do by taxpayers if they have already filed the income tax returns or not yet filed the ITR.

If you have not filed your income tax returns:

1.       Link your Aadhaar and PAN: https://www.trutax.in/link-aadhaar-with-pan
2.       Keep relevant documents for filing income tax returns.
3.       File your income tax returns on time to avoid penalty.

If you have file your income tax returns:

Keep tabs on intimation status.
Income Tax refund status.
File your Income Tax Returns Today: https://www.trutax.in/sign-in

Tuesday, 1 August 2017

New Deadline for filing Income Tax Returns is 5th Aug 2017


e-filing income tax returns in India

The last date for filing of income tax returns for the financial year 2016-17 is 5th Aug which is extended today by the Income Tax Department.

Every individual whose gross total income exceeds the taxable income must file an Income Tax Returns by 5th Aug.


e-filing income tax returns


Income Tax Department tweet

e-file your Income Tax Returns today: https://www.trutax.in/sign-in

While ITRs can now be filled by Aug 5, the ministry of finance has said the Aadhaar-PAN linking can be done till Aug 31. However, the returns will not be processed until the linkage of Aadhaar with
 PAN is done.

Income Tax Department tweets on PAN

The linking of Aadhaar number with the PAN of a taxpayer has also been made mandatory for filing of income tax return(ITR). The department has asked taxpayers to declare cash deposits made in bank accounts aggregating to Rs. 2 lakhs or more during demonetisation in the ITRs.