Respond to Income Tax notice, or face recurring penalties: Experts

Provide documentary evidence, else officer could make assessment based on his judgement

premium

Through a notice under Section 143(2), the department informs the assessee that his return has been selected for scrutiny, of which there are three types

Bindisha Sarang

3 min read Last Updated : Mar 23 2021 | 6:10 AM IST

Last week the Income Tax Appellate Tribunal (ITAT) reiterated that notices issued under Section 143(2) of the Income Tax (I-T) Act must be served to assessees within six months. When the I-T department finds discrepancies in a taxpayer’s I-T Return (ITR), it issues a notice under Section 143(1), 143(2), or 143(3). Many taxpayers have received them in recent days. When you get such a notice, it can be scary. Stay calm and respond with the appropriate documents in support of your case.

Section 143(1): Once you file your ITR, the Central Processing Centre (CPC), Bengaluru, processes it under Section

Topics : Income tax Taxation