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Timeline for Responding to Income Tax Notices and Avoiding Penalties
Income tax notices are formal communications from the Income Tax Department regarding discrepancies or issues related to your tax...

PRITI SIRDESHMUKH
Aug 1, 20259 min read
Section 142(1) vs. Section 143(2): Purpose and Documentation Required
Understanding the notices under sections 142(1) and 143(2) of the Income Tax Act is crucial for taxpayers who may encounter these...

Nimisha Panda
Aug 1, 20258 min read
Responding to AIS Discrepancy Notices Under Section 143(1)
An AIS (Annual Information Statement) Discrepancy Notice is a communication from the Income Tax Department issued to taxpayers when...

Rashmita Choudhary
Aug 1, 202510 min read
How to Avoid a 142(2A) Audit for Small Businesses or Freelancers
Income Tax audits are an essential part of ensuring compliance with tax laws and regulations. One such audit, the Section 142(2A) of the...

Rajesh Kumar Kar
Aug 1, 20259 min read
Reporting Foreign Income Incorrectly? Section 142(1) Risk Explained
Section 142(1) of the Income Tax Act is one of the critical provisions that empowers the Income Tax Department to issue a notice to...

PRITI SIRDESHMUKH
Jul 31, 20259 min read
Can You Ignore a 143(2) Scrutiny Notice? Legal Consequences Explained
A Section 143(2) Scrutiny Notice is an official communication from the Income Tax Department that initiates a detailed examination of...

Nimisha Panda
Jul 31, 20259 min read
How to File a Corrected ITR After Receiving a Section 143(1) Notice
After filing your Income Tax Return (ITR), you might receive a Section 143(1) notice from the Income Tax Department. This notice is...

Dipali Waghmode
Jul 30, 202510 min read
Incorrect AIS or TIS Entries? What Leads to Section 143(2) Scrutiny
Taxpayers in India must adhere to strict filing and reporting guidelines to avoid unnecessary scrutiny and penalties. One such aspect is...

PRITI SIRDESHMUKH
Jul 30, 202511 min read
Responding to Section 142(1) Notices for Missing Bank Account or FD Reporting
A notice under Section 142(1) of the Income Tax Act is a formal communication issued by the Income Tax Department to taxpayers in cases...

Nimisha Panda
Jul 30, 20259 min read
Professional Income vs Business Income: Tax Implications & Reporting
Filing taxes for income earned through professions or businesses can often be complex due to differences in how the income is categorized...

Rashmita Choudhary
Jul 29, 20259 min read
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