Skip to content
15August.in

15August.in

  • Home
  • Trending Content
    • Sports Schedule
      • New Zealand tour of India 2023
      • Men’s Hockey World Cup 2023
    • Narendra Modi Daily Routine
    • SIP Mutual Fund
    • Best Mutual Funds
    • Mumbai Ahmedabad Bullet Train
    • Delhi Mumbai Expressway
    • Vande Bharat Express Trains
  • Gold Rates
    • 18k Gold Rates
      • 18k Gold Price in Ahmedabad
      • 18k Gold Price in Coimbatore
      • 18k Gold Price in Delhi
      • 18k Gold Price in Hyderabad
      • 18k Gold Price in Jaipur
      • 18k Gold Price in Kerala
      • 18k Gold Price in Kochi
      • 18k Gold Price in Kolkata
      • 18k Gold Price in Mumbai
      • 18k Gold Price in Pondicherry
      • 18k Gold Price in Chennai
      • 18k Gold Price in Trichy
      • 18k Gold Price in Pune
      • 18k Gold Price in Visakhapatnam
      • 18k Gold Price in Bangalore
      • 18k Gold Price in Vijayawada
      • 18k Gold Price in Kolhapur
    • Today Gulf Gold Rate
      • Gulf Gold Rate in Ajman
      • Gulf Gold Rate in Al ain
      • Gulf Gold Rate in Al khobar
      • Gulf Gold Rate in Buraidah
      • Gulf Gold Rate in Dammam
      • Gulf Gold Rate in Jubail
      • Gulf Gold Rate in Kuwait
      • Gulf Gold Rate in Muscat
      • Gulf Gold Rate in Oman
      • Gulf Gold Rate in Qatar
      • Gulf Gold Rate in Ras al khaimah
    • 23k Gold Rates
      • 23k Gold Price in Amritsar
      • 23k Gold Price in Bareilly
      • 23k Gold Price in Bhopal
      • 23k Gold Price in Bhubaneswar
      • 23k Gold Price in Chhattisgarh
      • 23k Gold Price in Dehradun
      • 23k Gold Price in Delhi
      • 23k Gold Price in Gorakhpur
      • 23k Gold Price in Gujarat
      • 23k Gold Price in Haryana
      • 23k Gold Price in Jabalpur
      • 23k Gold Price in Jalandhar
      • 23k Gold Price in Jalgaon
      • 23k Gold Price in Karnal
      • 23k Gold Price in Lucknow
      • 23k Gold Price in Ludhiana
      • 23k Gold Price in Maharashtra
      • 23k Gold Price in Meerut
      • 23k Gold Price in Mumbai
      • 23k Gold Price in Nagpur
      • 23k Gold Price in Pune
      • 23k Gold Price in Punjab
      • 23k Gold Price in Raipur
      • 23k Gold Price in Satna
      • 23k Gold Price in Uttarakhand
    • Gold Rate in Ahmadabad
    • Gold Rate in Bhubaneswar
    • Gold Rate in Coimbatore
    • Gold Rate in Hyderabad
    • Gold Rate in Jaipur
    • Gold Rate in Kerala
    • Gold Rate in Kolkata
    • Gold Rate in Lucknow
    • Gold Rate in Mumbai
    • Gold Rate in Nashik
    • Gold Rate in Patna
    • Gold Rate in Surat
    • Gold Rate in Vadodara
    • Gold Rate in Madurai
    • Gold Rate in Chennai
    • Gold Rate in Mysore
    • Gold Rate in Mangalore
    • Gold Rate in Bangalore
    • Gold Rate in Chandigarh
    • Gold Rate in Pune
    • Gold Rate in Delhi
    • Gold Rate in Vijayawada
    • Gold Rate in Nagpur
    • Gold Rate in Vizag
  • Business India
    • 33 Small Business Ideas
    • Business Ideas In Delhi
    • Business Ideas In Bangalore
    • Business Ideas In Hyderabad
    • Business Ideas for Women
    • Business Starts Rs.10000
    • Unique Online Business
    • Passive Income Ideas
  • Platinum Price in India
    • Platinum Price in Ahmedabad
    • Platinum Price in Bhubaneswar
    • Platinum Price in Chandigarh
    • Platinum Price in Vizag
    • Platinum Price in Bangalore
    • Platinum Price in Chennai
    • Platinum Price in Delhi
    • Platinum Price in Hyderabad
    • Platinum Price in Kerala
    • Platinum Price in Kolkata
    • Platinum Price in Lucknow
    • Platinum Price in Mumbai
  • Petrol Price In India
    • Petrol Price in Ahmedabad
    • Petrol Price in Jaipur
    • Petrol Price in Bangalore
    • Petrol Price in Chennai
    • Petrol Price in New Delhi
    • Petrol Price in Hyderabad
    • Petrol Price in Kolkata
    • Petrol Price in Mumbai
    • Petrol Price in Patna
    • Petrol Price in Pune
  • Diamond Rate in India
    • Diamond Rate in Bangalore
    • Diamond Rate in Chennai
    • Diamond Rate in Delhi
    • Diamond Rate in Guwahati
    • Diamond Rate in Hyderabad
    • Diamond Rate in Kanpur
    • Diamond Rate in Karnataka
    • Diamond Rate in Kerala
    • Diamond Rate in Kolkata
    • Diamond Rate in Lucknow
    • Diamond Rate in Maharashtra
    • Diamond Rate in Mumbai
    • Diamond Rate in Patna
    • Diamond Rate in Pune
    • Diamond Rate in Tamil nadu
    • Diamond Rate in Uttar pradesh
  • Toggle search form

7 Types of Income Tax Notice [How to Answer Income Tax Notice]

Posted on March 24, 2022March 29, 2022 By indiashine No Comments on 7 Types of Income Tax Notice [How to Answer Income Tax Notice]

IncomeTaxIndia.gov.in – Here are most common types of Income Tax Notice you may receive and ways to answer them. Most of person start panicking as they receive Income Tax Notice. So, here we  are guiding you what type of income tax notice you may receive, purpose of income tax notice and how to answer notice of income tax department.

7 Types of Income Tax Notice [How to Answer Income Tax Notice]

Income Tax Notice

First of all, don’t panic at all, none of the notice for IT department are made to harass you. It might happen that you forgot to file your ITR form, or to submit TDS form or of any other reason. Its just a notice, don’t worry, here we are guiding you how to deal with such notices. There are 7 most common IT section which under which IT department sent notice to you. Take a look one by one and learn about them;

1. Section 131 (1A)

IT notice with Section 131 (1A) has been sent to person from IT dept after Assessing Officer (AO) suspects any concealing of income. If AO officer thinks that you have black money (secret money) or you about hide any income, they may sent you section 131 (1A) notice to you and they may start investigation in this matter.

There is no time limit to answer this notice. Anyways, if IT department found any black money in your account, they may proceed with investigation, Anyhow.

2. Section 142 (1)

You may receive section 142 (1) notice if you haven’t submitted your income tax return form within time limit. If your Assessing officer found that you are late in submitting ITR form, or you have not submitted any important documents, or you have not submitted due account statement for your income, you may receive section 142 (1) income tax notice.

You may receive this notice after assessment year end, your time limit to reply will be mentioned in notice. In fact, its not notice, its just a information letter about missing things in your ITR. Don’t panic, answer it easily.

3. Section 143 (1)

If you have paid right amount of tax, or if you have paid more tax than income or if you have paid less amount of tax, you may receive Section 143 (1) IT notice from Assessing Officer (AO). Below is what to do and how to reply for any of such notice;

– Informing :- If you have paid right amount of tax and your amount matches with AO’s calculation, you may receive intimation notice.

– Demand :- In case you have paid less amount tax than AO’s calculation, you may get demand notice to pay more tax or you can explain about your tax calculation. If AO satisfy with your answer, you may not be assessed.

– Refund :- You can get income tax refund if you have paid more tax than actual income.

You need to answer with in one year of the time you receive section 143 (1) IT notice.

4. Section 143 (2)

This is just follow up notice of section 142 (1) notice. if your Assessing Officer (AO) is not satisfied your section 142 (1) notice reply, he/she may sought more documents via section 143 (2) notice. you need to answer this notice with in 6 months of start of financial year.

5. Section 148

If your Assessing Officer (AO) founds that you have escaped some amount of income which is not reflecting in your ITR form. AO may demand more information on this. If your income tax amount is less than 1 lac, you have time to answer them in 4 years while if your income tax is more than 1 lac, you need to answer section 148 in 6 months of time.

6. Section 156

Its a demand notice to pay penalty or fine for late payment of income tax. Tax payer has paid less or late payment are served notice under section 156. Most of the tax payer who comes under this notice may receive notice with in 30 days.

7. Section 245

In case you demand tax refund from income tax department for current assessment year and there is some amount due in your account for previous assessment year and Assessing Officer (AO) just adjust the amounts of two assessment year. You may get adjustment of income tax via section 245 notice. you don’t need to reply to this notice, in case you found you have no due left and IT dept wrongly adjusted amount, you can contact IT dept anytime soon.

Update :- Income Tax Department has sent 7 Lakh IT notice to recover money from Black money holder and tax defaulters. [Source]

These are the most common notice tax payers receive, and we have explained their purpose and how to answer them. if you have any more question, you can ask us in below comment box. Thank you.

 Also Read:-

  • Apply Duplicate Pan Card Online
  • Check Your Name in Voter List 
  • How to Get Duplicate Voter Id?
  • How to get Duplicate School Living Certificate
  • How to apply for Duplicate Pan Card
Income Tax

Post navigation

Previous Post: 12 Money Saving Tips for Online Shopping [SAVE More]
Next Post: 3 Best Free Business Software

Leave a Reply

Your email address will not be published. Required fields are marked *

Jan Suraksha Schemes

  • Gold Monetizaton Scheme
  • Buy Sovereign Gold Bond
  • Atal Pension Yojana
  • PM Suraksha Bima Yojana
  • PM Jeevan Jyoti Bima Yojana

Sukanya Samriddhi Yojana

  • Sukanya Samriddhi Calculator
  • Benefits of Sukanya Samriddhi
  • How to open Sukanya Samriddhi Account

Helpful Links

  • Duplicate Voter ID Card
  • Apply For Duplicate PAN Card
  • How To Apply for PF Account
  • How to Apply for Learning License Online
  • How to Apply for Permanent Driving License
  • How to Apply for Pan Card India
  • How to Apply for Passport
  • How to Join Swachch Bharat
  • Register Complain Indian Railways
  • File Complaints in Consumer Court
  • Independence Day Speech By PM
  • How to File RTI
  • Download Sample WILL Format

Useful Links 15august

  • Benefits of Sukanya Samriddhi
  • LPG GAS subsidy Scheme
  • Kisan Vikas Patra
  • Beti Bachao Beti Padhao
  • Soil Health Card
  • Statue of Unity
  • Sansad Adarsh Gram Yojana
  • Gold Price in USA Today

New LIC Plans

  • LIC Jeevan Pragati
  • LIC Jeevan Labh
  • LIC Jeevan Akshay
  • LIC Credit Cards
  • LIC Jeevan Tarun Policy Table 832
  • Varishtha Pension Bima Yojana
  • LIC Jeevan Sangam
  • LIC Children’s Money Back Plan
  • LIC Jeevan Lakshya
  • LIC Kanyadan Policy

Important Days

  • Rashtriya Ekta Diwas
  • Independence Day Celebration
  • Bal Swachhta Mission – 14th November
  • Pravasi Bhartiya Divas
  • Republic day 26th January
  • Good Governance Day – on 25th December

Wifi Router Settings

  • 192.168.10.1
  • 192.168.1.1
  • 192.168.0.1
  • 10.0.0.0.1

Best Investment Ideas

  • 10 Best SIP Mutual Funds
  • Top 10 Best Stocks to Buy
  • Best Mutual Funds to Invest
  • Best Small Cap Shares to Invest
  • Mutual Fund SIP Return Calculator Online

All Business India

  • Stand Up India-Small Business Loans
  • Small Business with Investment of Rs.10000
  • Business ideas for Women
  • 10 Passive Income Ideas (Extra Income)
  • Business Lessons from Mukesh Ambani
  • Take Loan From Mudra Bank
  • Online VAT Registration Process
  • Start Selling on Flipkart, Amazon
  • Websites to Earn Money Online
  • How Start Restaurant Business in India ?
  • Small Business Ideas
  • Top 10 Best Business Ideas In Bangalore
  • Top 10 Best Small Business Ideas In Hyderabad 
  • Top 10 Small Business Ideas In Delhi

Pradhan Mantri Yojana

  • 3 New Urban Development Schemes
  • PM Jan Suraksha Schemes
  • Atal Pension Yojana
  • Give Up LPG Subsidy
  • Pradhanmantri Jan-Dhan Yojana
  • Pradhan Mantri Suraksha Bima Yojana
  • Pradhan Mantri Jeevan Bima Yojana
  • Sansad Adarsh Gram Yojana
  • Beti Bachao Beti Padhao

Copyright © 2022 India Shine.

Powered by PressBook WordPress theme