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Time limits for income tax notices under Sections 143 , 148 , and 156 determine how long the Income Tax Department can process returns, start scrutiny, reopen assessments, or raise tax demands. These deadlines shape whether a notice is valid or time-barred. Section 143 governs processing and scrutiny assessments, Section 148 deals with reassessments for escaped income, and Section 156 issues payment demands based on earlier orders. Each carries strict statutory timelines to

Section 143(2) scrutiny notice is issued when the Income Tax Department selects a return for deeper verification to check discrepancies, mismatched income details, or questionable deductions. The notice requires taxpayers to submit supporting documents such as Form 16 , Form 26AS, bank statements, investment proofs, and business records to justify entries made in the ITR. Responding within timelines is essential, as delays may lead to penalties or best-judgment assessments.

A Section 139(9) defective return notice appears when the Income Tax Department identifies missing details, incorrect information, or inconsistencies in an ITR. Errors such as mismatched income data, wrong bank details, or selecting an incorrect return form can trigger this notice. Once marked defective, the return must be corrected within the given time—usually 15 days—to avoid being treated as invalid. An invalid return carries consequences such as interest, penalties, and

AIS mismatch income tax notices arise when the income reported in the Annual Information Statement differs from what appears in an income tax return. These discrepancies usually involve bank interest, dividends, TDS entries, securities transactions, or other third-party data submitted to the Income Tax Department. Automated notices highlight mismatched figures that may lead to incorrect tax calculation, refund delays, or additional tax demands. Quick verification and accurate

Selecting the correct ITR form is essential for pensioners to ensure accurate reporting and smooth processing under the Income Tax Act, 1961. The choice between ITR-1 and ITR-2 depends on income limits, capital gains, the number of house properties, and the presence of foreign assets. Pension-only income with basic interest earnings often fits within ITR-1 , while capital gains, multiple houses, or income above ₹50 lakh automatically shift the requirement to ITR-2. Filing wi

Tax-saving choices often look similar at first glance, but NPS, ELSS, and PPF stand apart because they cover three distinct investor needs—growth, stability, and retirement security. All three qualify for deductions under Section 80C of the Income Tax Act, 1961, yet their risk levels, returns, tax treatments, and lock-in rules differ sharply. Understanding these differences helps ensure that the right mix is chosen based on goals, income tax regime, and appetite for market ex

Preventive health check-up deductions allow taxpayers to reduce taxable income through routine medical screenings, but the benefit is often misunderstood due to uncertainty around acceptable proof and documentation. The Income Tax Act permits a specific limit for these check-ups under Section 80D , provided the taxpayer can support the claim with valid records. This makes the quality of documentation just as important as eligibility. Clear payment evidence, verifiable diagnos

Section 80DDB of the Income Tax Act allows a tax deduction for medical expenses incurred on specified serious diseases affecting dependent family members, including dependent parents. The provision supports taxpayers facing high treatment costs for illnesses such as cancer, chronic renal failure, neurological disorders, and other critical ailments listed under Rule 11DD. Deduction eligibility depends on age, actual medical bills, and reimbursements received, with higher limi

Tax calculation for senior citizens in 2025 depends on age-based exemption limits, special deductions, and relaxed compliance rules designed to reduce tax liability and paperwork. Individuals aged 60 to 79 qualify as senior citizens, while those aged 80 or above fall under the super senior category. Their tax benefits include higher basic exemption limits, deductions on interest income, relaxed advance tax requirements, and health insurance benefits under Section 80D . Pensio

Refund adjustments under Section 245 often catch taxpayers off-guard, especially when expecting a refund for the current year but receiving an intimation instead. Section 245 empowers the Income Tax Department to set off an upcoming refund against unpaid tax dues from previous years. This adjustment is not automatic; it involves an official notice, a response window, and a mandatory review of objections before any action. Understanding what triggers these adjustments, how th