Income Tax Notice

Can UPI, NEFT or RTGS transfers trigger income-tax notice? What to know

Tax experts say one of the biggest misconceptions among taxpayers is that the income-tax department watches every small UPI transaction in real time

Income tax notice to a deceased person: How should legal heirs respond?

Legal heirs must bear in mind that the income tax return for the year of death must be filed and tax, if due, must be paid

Tax laws are made for the living; I-T notice to dead person invalid: HC

Allahabad High Court said tax authorities cannot make an invalid notice valid by later adding a legal heir, and must instead issue fresh notice directly to legal representative within prescribed time

Filed your ITR? Tax dept highlights 6 categories that could face scrutiny

ITR scrutiny: From surveys to tax evasion inputs, these returns may be picked for closer review

Don't panic and know how to handle notices, demands from income tax dept

Notices are likely to be routine and arise due to mismatches, missing details or system-generated checks

PhysicsWallah gets ₹263 crore tax notice, says will challenge order

Edtech firm Physicswallah has received an income tax demand notice of Rs 263.34 crore for the assessment year 2023-24. The demand was raised after the Income Tax Department treated investments received by the company from investors during the period, including funds from SEBI-registered Category II Alternative Investment Funds (AIF), as taxable income, Physicswallah said in a regulatory filing. The company plans to challenge the assessment order. "Based on its preliminary assessment, the company believes that it has strong legal and factual grounds to file an appeal before the appropriate appellate authority," Physicswallah said. PhysicsWallah posted about a 33 per cent increase in consolidated profit to Rs 102.27 crore in the December quarter. Its revenue from operations also grew about 33 per cent to Rs 1,082.41 crore during the quarter from Rs 809.67 crore a year earlier. Shares of Physicswallah settled 7.87 per cent higher at Rs 86.81 crore on the BSE on Wednesday. The statut

Meesho receives income tax demand notice of around ₹1,500 crore

E-commerce firm Meesho has received an income tax demand notice of around Rs 1,500 crore, including interest, which the company plans to contest, a recent company filing said. Meesho received the notice on March 6 for assessment year 2023-24. "The Assessment Unit of Income Tax Department has raised a tax demand aggregating to Rs 14,99,73,82,840, including applicable interest," the filing said. The filing said that the demand order is based on certain additions and adjustments to the income reported by the company. "The company is currently evaluating the Assessment Order and does not concur with the observations and adjustments made in the Assessment Order. The company believes that it has adequate legal and factual grounds to contest the same and is taking necessary steps to protect its interest," Meesho said. The e-commerce firm said that a similar demand order was issued for the assessment year 2022-23 as well, which it disclosed in detail in the prospectus filed on December 5,

TN Tax authorities drop ₹266.3 cr demand notice from Dalmia Cement (Bharat)

Dalmia Cement (Bharat) Ltd (DCBL), a wholly-owned subsidiary of Dalmia Bharat, has received two show cause notices totalling Rs 266.3 crore from the Sales Tax Office. The notices are "issued under section 74 of the Central GST/Tamil Nadu GST Act 2017 for AY 2019-20 and AY 2022-23, the concerned Sales Tax Officer, Lalgudi, Tiruchirapalli, Tamil Nadu," according to a regulatory filing from Dalmia Bharat. For Assessment Year 2019-20, the authorities demanded a tax of Rs 128.39 crore along with a penalty of Rs 19.25 crore. For 2022-23, the show-cause notice has demanded a tax of Rs 59.32 crore, along with a penalty of the same amount. This pertains to some differences observed in taxable turnover and amount of ITC (input tax credit) for the assessment years 2019-20 and 2022-23, it said. "The Orders were received on November 28, 2025," the company said, adding "there will be no financial impact on DCBL" from these show-cause notices. Founded in 1939, Dalmia Bharat is the fourth-larges

Deadline that protects you from tax scrutiny: CA explains the rules

Returns filed before March 2019 are beyond the reach of fresh scrutiny, says Himank Singla

Sharing your credit card for rewards? It could trigger a tax headache

A student's Rs 24 lakh spend for friends' big buys has landed them on the tax radar. Experts warn such cashback chasing can invite scrutiny, penalties, and even legal trouble.

Depositing big cash sums? Tax rules, I-T notices and what to watch out for

Even legitimate cash deposits can invite I-T notices if not explained properly, experts warn

Tax dept's AI tool 'not meant' for resolving political donation disputes

TaxAssist should be used in 'simple cases' and professional advice in complex taxation matters is irreplaceable

'Trust restored': Officials to ask 'relevant' questions during tax scrutiny

Finance experts explain how CBDT directive to officers may help taxpayers and businesses

Increased I-T scrutiny: NGOs, HNIs, and past cases under the scanner

New CBDT guidelines target NGOs, HNIs, and repeat offenders. Tax expert says, 'There is no way to avoid compulsory scrutiny if you fit the checklist.'

Got a tax notice for a sudden income spike? What it means what you must do

What is an Income Tax notice under Section 133(6)? How to respond if you get one? Experts outline what triggers the notice, how to deal with it, and how to stay off the radar?

Got a tax notice asking for more info? Experts explain what it could mean

It's meant to gather more information about a person's tax returns and must be acted upon carefully. Here is how to do that

I-T department's email on tax returns: How to open PDF, seek rectification

What to do if you find discrepancies in your assessment doesn't match with Income-Tax Department's claim

Dr Reddy's gets over Rs 2,395 crore show cause notice from I-T authority

Dr Reddy's Laboratories Ltd on Saturday said it has received a showcause notice from the income tax authority with a proposed demand of over Rs 2,395 crore from it related to the merger of Dr Reddy's Holding Ltd (DRHL) with itself. The company has received a show cause notice on April 4, 2025, from the office of the Assistant Commissioner of Income Tax, Hyderabad, Dr Reddy's Laboratories Ltd said in a regulatory filing. It requires the company to respond as to why notice should not be issued for assessment of income alleged to be escaped from tax consequent to the merger of DRHL into Dr Reddy's Laboratories Ltd (DRL) under the scheme of amalgamation approved by the National Company Law Tribunal (NCLT), Hyderabad on April 5, 2022, the filing added. "The notice quantifies the proposed demand of Rs 23,95,81,79,470," the company said. DRL asserted that said scheme of amalgamation was carried with adherence to all the legal requirements including tax laws. "Further this was approved by

Swiggy receives ₹158 crore tax demand notice; plans to challenge order

Food and grocery delivery platform Swiggy on Tuesday said it received an assessment order with an additional tax demand of over Rs 158 crore for the period between April 2021 and March 2022. The order has been issued by Deputy Commissioner of Income-tax, Central Circle 1 (1), Bangalore. It relates to alleged contraventions including cancellation charges paid to merchants disallowed under Section 37 of the Income-tax Act 1961 and interest income on income tax refund not being offered to tax. "The Company has received an assessment order for the period April 2021 to March 2022 where an addition of Rs 158,25,80,987 (one hundred and fifty-eight crores twenty five lakhs, eighty thousand nine hundred and eighty seven, only) has been made," Swiggy said in a regulatory filing. The company believes that it has strong arguments against the order and is taking necessary steps to protect its interest through review/appeal, it added. The company said the order has no major adverse impact on it

Bosch receives over Rs 20 crore tax demand notice from Income Tax dept

In a regulatory filing, Bosch said the delay in paying the tax 'is inadvertent and is swiftly reported, once it was brought to the notice'