Don't agree with a tax notice? You should respond through I-T portal

Act promptly or else the tax department could confirm the tax due and impose an additional penalty

In a sweeping move, the Income-Tax (I-T) Department has recently issued one lakh notices to individuals it believes have either concealed their income or furnished inaccurate details regarding their income. This campaign zeroes in on taxpayers who are allegedly involved in cases that date back four to six years. Assessment proceedings in these cases will be completed by March 2024. The focus of these notices is primarily on assessees whose income is suspected to be over Rs 50 lakh.

Says Maneet Pal Singh, partner, I.P. Pasricha & Co., “The notices issued by the I-T Department are scrutiny notices annexed with