Once the ITR is submitted and verified by the tax payer, the department goes through every return in automated/manual fashion to check if everything was correct and matches with the data available with them. In case they find a wrong/doubtful entry or have further questions about any declared or undeclared income or deduction or exemption, they send communication to the tax payer for further verification. This is the TAX NOTICE – the most dreaded thing for tax payers.
However please note that most notices are harmless (and some times happy as its about tax refund), as they ask for some more details or inform about mismatch of your tax returns from Form 16/16A/26AS. This is the reason why we suggest to always match your ITR with Form 26AS. The important thing to know is notice is received under which section, what it means and what you need to do?
We list down the common tax notices sent and how to deal with the same.
Tax Notice Section 143(1)(A)
This year many tax payers are…