myITreturn is a registered intermediary with the Income-tax Department for over 10 years. The Income-tax department issues various types of notices to the Tax Payers. Here are the common notices issued by the Income-tax department.
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1. Intimation under section 143(1) – Summary Assessment
This is intimation cum notice for processing of income tax return filed. This intimation is usually received via email from the Centralized Processing Centre, Bengaluru. Intimation under section 143(1) is sent to a taxpayer only in case any tax or interest is found payable or refundable or there is any increase/reduction in loss.
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2. Notice under section 143(1)(a) – Communication of proposed adjustment
This notice is different from notice under section 143(1). This notice is issued seeking a response to the errors / incorrect claims/inconsistencies which attract adjustment under section 143(1)(a). Notice u/s 143(1)(a) is an intimation from the Central Processing Centre (CPC) seeking clarification of the mismatch between the Income and deduction when compared to Form 16, Form 16A or Form 26AS.
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3. Notice under section 139(9) – Defective return
If the Assessing Officer considers that the return filed by the Assessee is defective, he may intimate the defect to the Assessee and give him an opportunity to rectify the defect within 15 days. Some of the cases where a notice under section 139(9) is issued are:
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- Balance Sheet and Profit & Loss Statement is not filed in a case where Assessee is required to maintain such details.
- Return of income is filed before payment of Self-assessment Tax.
- TDS deducted has been claimed as a refund but no income details are provided in the return. Details of taxes are filled but no income details are provided in the return. Read More | Start - Notice Assistance Service
4. Rectification under section 154
Once the Income-tax return is filed, the department processes the return and issues an intimation. The intimation contains the details of the return submitted by the Assessee and that computed by the Income-tax department. Sometimes it may so happen that the taxpayer wrongly takes the credit for taxes, deductions, etc or the department may not provide a credit of taxes, etc. Rectification can be made for a mistake which is apparent from the record. Some of the errors for which rectification can be filed are as follows:
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- Mismatch in tax credit (TDS)
- Advance tax mismatch
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Deduction under Chapter VI A not allowed . Read more | Start - Notice Assistance Service
5. Notice under section 245 – Adjustment of refund against demand
This notice is sent to the Assessee intimating him that the Income-tax authorities want to adjust outstanding tax demands from the refund due. The demand may pertain to an earlier Assessment Year and when refund is claimed, the same is adjusted against the demand.
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6. Notice under section 142(1) – Inquiry before Assessment
This notice is issued to call documents and details from the taxpayers. The purpose of this notice is to inquire about the details of the assessee before making an assessment. The notice can be issued in both the cases where the return has been filed and where the return has not been filed and time specified to file such return has been expired.
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1 comment
I want to know the time limit for penalty notices under 271 1 c
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