Income Tax Notice Response

There can be many reasons like - Mismatch in tax credit, Inadvertent/wilfull non-disclosure of income, non-disclosure of assets , notices for high value transaction, investment in the name of spouse.

Income Tax Department can serve notices for various reasons. Some of these notices can be of general enquiry nature and some can be of detailed enquiry nature. You should not ignore these notices. You should send a proper reply on time for the notice given by the Department. Because if you don't give the appropriate reply within the due date then the department would take actions against you on the basis of information available with them.

There are different type of notices issued by the department such as under section 131, 142(1), 143(2), 148, 245. When you get such notice you should collect all the documents and informations asked in the notice given by the Department. You should provide all this information to our expert so they can form an adequate reply for that notice.

You should not take these notices lighly and seek a proper guidence if you want to avoid any situation of creating a big liability or any severe actions taken by Department against you. Don't worry we are here to solve your problem.

Documents Required for Account Opening Resolution

Every business must comply with the GST registration company India rules and regulations. The taxpayer can get the registration to distinguish their business from others. A new GST registration company can get a unique 15-digit registration number. This unique number known commonly as the GST Identification Number or GSTIN can provide complete details about the business. The central government provides this number to a taxpayer when they apply for the unique number with the following documents:

• Copy of the Notice from the Income Tax Department
• Details of the property sold or purchase in the concerned year.
• Form 16(if any)/Copy of Income Tax Return
• Bank statement for the concerned year
• Details required particularly specified in Income Tax Notice/ as suggested by our experts