A tax notice is a letter from the Internal Revenue Service (IRS) that alerts a taxpayer about an issues with their tax return and tax paid to the department. A tax notice can be sent to you for many reasons it may be for informing you about a correction on a return, a balance due, or an overpaid of tax.
Legal Window will provide you all the necessary services and legal advice related income Tax notices and also guide for other compliances related reply for these notices. You may get in touch with our team on 072407-51000 or email firstname.lastname@example.org.
Pan Card and password of your income tax portal is required now a days to check and reply any type of income tax notice, Documents required can only be called as per the demand and type of notice.
1. Complete the Questionnaire
We will provide a questionnaire which is required to be filled by you in which we will sought the basic details and documents pertaining to the Filing of Reply of Income Tax Notice.
2. Review of the documents
All the documents provided to us and the questionnaire will help us to process further for preparation of reply of ITR Notice
3. Filing of Reply with the Government
We will file further send you the provisional return for your verification and will file your TDS return before the due date and protect you from any penalty after its duly confirmed and validated from your side.
We will further inform you about the same and send you the copy of reply via mail.
Scrutiny assessment refers to the examination of a return of income by giving an opportunity to the assessee to substantiate the income declared and the expenses, deductions, losses, exemptions, etc. claimed in the return with the help of evidence.
Types of Scrutiny Assessments Manual Scrutiny
Not filing an ITR
Disparity in current year’s income or losses compared to previous assessment year
Not showing exempted income
Transaction of high value
Non declaration of exempted income
High value transaction
For filing defective return
Compulsory Scrutiny Cases
What is the next step you should do when you receive an Income Tax notice?
FAQ's on Scrutiny Notice
Under the Income-tax Law, there are four major assessments as given below:
section 143(1), i.e., Summary assessment without calling the assessee i.e. taxpayer.
Assessment under section 143(3), i.e., Scrutiny assessment.
Assessment under section 144, i.e., Best judgment assessment.
Assessment under section 147, i.e., Income escaping assessment.
This is a detailed assessment and is referred to as scrutiny assessment. At this stage, a detailed scrutiny of the return of income will be carried out. The scrutiny is carried out to confirm the correctness and genuineness of various claims, deductions, etc., made by the taxpayer in the return of income.
Assessment under section 144 (called best judgment assessment) is an assessment carried out as per the best judgment of the Assessing Officer. Best judgment assessment is resorted due to certain failures (specified under section 144) on the part of the taxpayer (discussed in next FAQ).
Assessment under section 143(1) can be made within a period of one year from the end of the financial year in which the return of income is filed.
The objective of scrutiny assessment is to confirm that the taxpayer has not understated the income or has not computed excessive loss or has not underpaid the tax in any manner.
To confirm the above, the Assessing Officer carries out a detailed scrutiny of the return of income and will satisfy himself regarding various claims, deductions, etc., made by the taxpayer in the return of income.
This is an income escaping assessment. This assessment is carried out if the Assessing Officer observes that any income has escaped assessment.