Income Tax Notice
Don’t Panic; we’ve Got You Covered!
As a taxpayer, receiving a notice from the Income Tax Department can be a daunting experience. You may wonder what you did wrong or what action you need to take next. At JMS Consultancy, we understand the stress that comes with receiving an Income Tax notice. Our team of experienced professionals can help you understand the notice and take appropriate action to resolve the issue.
Understanding the Different Types of Income Tax Notices, You May Receive
The Income Tax Department may send out various types of notices to taxpayers. Some of the most prevalent notices are:
Defective ITR - Notice u/s 139(9)
This notice is issued when there is an error or inconsistency in the information provided in your income tax return. It could be due to a mistake in calculation or incomplete information. Our team can help you rectify the error and submit a corrected return.
Intimation of Processing - Notice u/s 143(1)
This is an automated notice that is generated after the income tax return is processed. It indicates that the return has been accepted without any discrepancies. However, it is important to review the intimation carefully to ensure that all income and deductions have been correctly considered.
Scrutiny Assessment - Notice u/s 143(2)
This notice is issued when the income tax department wants to scrutinize your income tax return in detail. It could be due to discrepancies in income or expenses reported or any other reason. Our team can help you prepare for the scrutiny and provide all necessary documentation to support your claims.
Income Escaping Assessment - Notice u/s 148
This notice u/s 148 is issued when the Income Tax Department believes that income has escaped assessment. It could be due to failure to file a return or under-reporting of income. Our team can help you respond to the notice and provide all necessary documentation to support your claims.
How Our Consultants Can Assist You with Income Tax Notices?
At JMS Consultancy, we have a team of experienced professionals who can help you understand the notice and take appropriate action. Our income notice consultants can help you with the following:
- Review the notice and identify the issue
- Determine the required response and action
- Preparing and submitting the required paperwork
- Representing you before the Income Tax Department as necessary,
- Providing continual assistance and advice throughout the process.
Don’t panic if you receive an Income Tax notice – JMS Consultancy is here to help. Get in touch with us now to schedule a consultation with our team of professionals.
Having Queries?
If you have any questions about JMS Consultancy, let us know. We will be happy to assist you in 24 hours.
E-mail: info@jmsconsultancy.com
Phone: +91- 9999674040