ITR notice: ITR filing last date has come close. On seeing the notice of Income Tax Department, people get nervous and start thinking what to do now.
If you are understanding the IT notice easily, then answer it, otherwise you may face a big problem.
ITR filing last date has been increased to 10 January. Many times people file ITR on time, but they get notice of Income Tax Department. On seeing the IT notice, people get nervous and start thinking what to do now. There is also the worry that everything was right then why notice has come. Let’s know what to do in that case even if notice comes despite filling ITR.
Why comes notice of income tax department?
If your income is taxable and you do not pay tax, then the notice comes, but if you show less income and the income tax department sees more income then the notice also comes. Not only this, you may also get a notice from the Income Tax Department due to reasons like mistake in calculus while filling ITR, not filling the income correctly or showing excessive losses.
Fill tax returns correctly
On receipt of income tax notice, read it properly. Read why you have received the notice and the seriousness of the notice. Also see what is the deadline to respond to this notice. It is necessary to respond to you within the timeframe given in the notice. If you do not do this, you can get into big trouble. If the notice has come due to some minor mistake, then reply giving the explanation.
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