Income Tax Notice: Do not worry if you receive an income tax notice, keep these things in mind and you will not face any problem..

The season for filing income tax returns (ITR) has begun, and many taxpayers have already done so. However, salaried individuals often wait for Form 16, which employers issue, by June 15. This year, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing ITR to September 31.

Do not wait for the deadline to file returns-

Taxpayers should not wait for the deadline to come closer to file income tax returns. The reason for this is that the chances of making a mistake increase if ITR is filed in a hurry. Apart from this, taxpayers may forget to mention any income due to filing returns in a hurry. Due to this, taxpayers may get a notice from the Income Tax Department.

There is a possibility of mistake in filing returns in a hurry-

Complete caution should be taken while filing income tax returns. Information about every income, big or small, should be given in the ITR form. Despite this, if you get a notice from the Income Tax Department, you should not panic. Especially if you have planned the Income Tax rules properly, then you do not need to panic. Many taxpayers get tensed as soon as they get an Income Tax notice. They do not even try to find out what is written in the notice.

Most of the work of the Income Tax Department has become digital-

In the last few years, the Income Tax Department has made its work quite digital. Now the processing of returns and refunds is done by software, and even the scrutiny of ITR forms is done by software. The department now keeps a close watch on the financial transactions of taxpayers through Form 26AS and AIS. If any deficiency is detected, a notice can be issued based on suspicion.

Receiving a notice does not mean that the taxpayer has committed a crime-

Receiving an Income Tax notice does not mean that you have committed a big scam. Often, the Income Tax Department sends notices just to clarify some information. All you have to do is answer their questions. Once the department is satisfied with your answer, the matter is resolved.

The department sends notices under different sections-

The Income Tax Department issues notices to taxpayers under different sections. For example, under section 142(1), the Income Tax Department can send a notice for not filing an ITR. If it needs any additional documents from the taxpayer, it can also send a notice under this section. Notice under section 139(9) is sent when the taxpayer uses the wrong ITR form to file the return.

Take advice from tax experts if needed-

On receiving an income tax notice, first read it carefully and understand what information has been sought. If documents or clarifications are sought, respond within the prescribed time limit as every notice is time-bound. If the notice is not understood, seek help from a tax expert. Quick response is essential.

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