Many people are now receiving notice from Income tax department regarding non filing of income tax returns for last few years ( 2012-2013, 2011-2012, 2010-2011, 2009-2010.) . Income tax department asks them to reply within 10 days .

When does the Income Tax Department make changes?

Income Tax Department may make changes to the contents, or to the information described therein, at any time without any notice. In case of any variance between what has been stated and what is contained in the relevant Act, Rules, Regulations, Policy Statements, etc, the latter shall prevail…

Which is the most frequently asked tax question?

Frequently Asked Questions Click here to view relevant Act & Rule . In view of COVID-19 pandemic, the Central Board of Direct Taxes (CBDT) had extended the due dates of various tax compliances. Kindly refer the following circulars:

What happens if you don’t respond to a tax notice?

Pay the taxes accordingly. If your case is complex, then take help of a Tax expert. Not responding to the notice could cost you a lot of time, money and peace of mind and in extreme circumstances could also lead to imprisonment. Compliance Section: GO to Compliance Setion . Select Whether Return Filed or Not Filed & Select Reason

Can a non filer get a notice from the Tax Department?

Also Read News – Income Tax Dept to send notices to further 21.75 lakh “non-filers” There is no need to Panic just because you have received the notice. A notice does not necessarily mean you have committed a crime and even a minor error in tax return can invite a notice from the tax department.

When is acknowledgement of return deemed to be intimation?

(b) the acknowledgement of the return shall be deemed to be the intimation in a case where no sum is payable by, or refundable to, the assessee under clause (c), and where no adjustment has been made under clause (a).”

What are the codes for income tax notice?

Some of the codes mentioned in Information summary of Income Tax notice : Below are some of the information’s collected by compliance management cell through AIR, CIB and TDS return for which notice is being served to non-filer. 1. Annual Information Return (AIR) 2. Central Information Branch (CIB) 3. TDS return 4. Stock Broker 5. Others: