As soon as the notice of the Income Tax Department comes, people get upset, but this notice also comes due to some of your mistakes. For example, in the greed of wrong refund, selecting wrong form, due to bank account, high value transactions etc. can send you income tax notice.
But through income tax notice, you give you a kind of chance, so that taxpayers can explain Missamach in any way. Let us tell you what you should do on receiving the notice of the Income Tax Department.
How does the Income Tax Department send notice?
Once ITR is verified, then its processing starts from the Income Tax Department. Under this, the Central Processing Unit in its preliminary inquiry makes the ITR validity using Form 16, Form 26AS, AIS, TIS etc. in its own record. As soon as the ITR process is done, notices are issued to the people under section 143 (1) by the Income Tax Department.
What to do when the notice comes?
You can get notice from the Income Tax Department for many reasons. If you too have received notice of more tax arrears from the Income Tax Department, then there is no need to panic. Read this carefully and understand what causes this notice you have received. It will be written in the notice that how much additional tax you have to pay and which assessment is related to the year. In addition, it states that under which section this notice has been issued. Such as sections 143 (1), 147, 156 etc. You can see the ITR filed in it again.
Online ITR Revise
Still you feel that the information given in the notice is not correct, then you can revise ITR online or enter the answer. If the matter is complex or you are having trouble understanding the notice, then you can talk to a CA and also consult a tax expert.