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Responding to Tax Notices for Incorrect Capital Gains Reporting and Filing Corrected Returns
After filing your Income Tax Return (ITR), the possibility of receiving a scrutiny notice under Section 143(2) can be a daunting...

Rashmita Choudhary
May 1911 min read
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Section 148 of Income Tax Act: Understanding the Notice, Response and Consequences
The Income Tax Act 1961 is replete with provisions that empower tax authorities to ensure the accurate assessment of taxpayers' income....

Nimisha Panda
May 1410 min read
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ITR Computation in Excel: Meaning, Format, and Other Relevant Areas
The Indian Income Tax Act, 1961 encompasses all aspects of administration, levy, collection, and recovery of Income Tax in India. But...

Indrajeet Sharma
May 1411 min read
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Section 131(1A) of the Income Tax Act: Responding to Income Tax Summons
Section 131(1A) of the Income Tax Act is a powerful tool in the hands of tax authorities to ensure compliance and prevent tax evasion....

RAJKUMAR DAS
May 1414 min read
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Notice against demand under section 156 of the Income Tax Act,1961
The official document, issued by the Assessing Officer , signifies that you have a tax liability, whether it's due to tax assessments,...

Dipali Waghmode
May 148 min read
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Obtaining Income Tax Assessment Order: A Detailed Guide
Section 2(24) of the Income Tax Act 1961 defines income, while Section 2(43) defines tax. According to these definitions, income tax is...

Asharam Swain
May 147 min read
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Income Tax Scrutiny Assessment Under Section 143(3)
The income tax assessment is a critical procedure conducted by the Income Tax Department to authenticate the details furnished by...

Prachi Jain
May 136 min read
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Interest on Income Tax Refund: Is it Taxable?
You, as a taxpayer, pay taxes on the total amount of money you make within a fiscal year. When a person pays more in taxes than they are...

Asharam Swain
Nov 8, 20247 min read
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A Detailed Guide on Income Tax Notice to Salaried Employees
An income tax notice from the Tax Department denotes the need for more information, revisions, or clarification regarding your tax...
Farheen Mukadam
Sep 5, 20249 min read
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Replying to an Income Tax Notice: How to Handle Different Types of Notices
It's not uncommon to make mistakes when filing your income tax returns (ITRs) . The income tax department issues notices in these...

Asharam Swain
Sep 4, 20247 min read
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