Scrutiny Notice
- For not filing an ITR
- For filing defective return
- Filing reply to Scrutiny Notice
- Reply filed within stipulated time period
- Flexible online process
- Collection of documents
Introduction
“Tax and Services,” your trusted destination for comprehensive legal assistance. In the intricate landscape of taxation, navigating through the complexities can be daunting, especially when faced with a Scrutiny Notice. Our dedicated team at Tax and Services understands the significance of this crucial phase and is committed to providing you with unwavering support and expertise. With a focus on precision and attention to detail, we aim to guide you seamlessly through the scrutiny process, ensuring compliance and resolution. At Tax and Services, we pride ourselves on delivering tailored solutions that alleviate the burdens associated with scrutiny notices, allowing you to approach the situation with confidence and clarity. Trust us to be your partners in navigating the intricate legal terrain of taxation.
Documents Required
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.
Procedure
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.
Step 01
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
Step 02
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.
Step 03
Acknowledgement
We will further inform you about the same and send you the copy of reply via mail.
Step 04
Additional Information
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
- Not showing exempted income
- Transaction of high value
- Non declaration of exempted income
- High value transaction
- For filing defective return
- Disparity in current year’s income or losses compared to previous assessment year
Compulsory Scrutiny Cases
- Cases pertaining to survey under section 133A of the INCOME TAX ACT
- Cases in which assessment is made under section 158B, 158BC, 158BD, 153A and 153C
- Cases where return is filed for the A.Y relevant to the previous year in which search is executed u/s 132 and 132A of the INCOME TAX ACT
- Cases where return is filed in response to notice u/s 148 of the ACT
- Cases where registration u/s 12AA of the Income Tax Act has not been granted or has been cancelled
- Cases where the assessee is taking the tax exemption even when the order for denying or withdrawing the approval for 10(23C) has been passed
Compulsory Scrutiny Cases
- Don’t Ignore the notice: Handle the notice very carefully and sincerely, otherwise you have to pay heavy penalty.
- Check the notice carefully: Check whether the notice denotes to you by checking basic things like PAN, Name, Assessment year and it related to issuing officer (ITO), signature, address with details of ward and circle number of income tax department. Verify these details to check whether it relates to you only.
- Preserve the envelope and save the copy of mail: - If the notice comes by speed post or registered post, preserve the envelope. If notice comes on mail then save the copy of that mail as It serves as proof of the dates on which it was posted and received.
- Verify the reason behind the notice: By reading the notice one can easily Identify and check the reason behind notice. Reasons could be a mismatch in TDS (26AS) or inconsistency in your returns, or any serious concerns like any type of income concealment. It can also be a survey or scrutiny of accounts.
- Timeline given to reply: Check the validity and timeline to reply the notice. Also check the section in which the notice issued. For E.g.: A notice under Section 143(3) for scrutiny assessment has to be served within six months of the end of the financial year in which the return was filed. If served later than this period, it will be considered invalid.
- Collect the documents: After receiving the notice one has to start collecting the documents that the department has requested through notice Documents required depends upon the gravity of the notice, generally only scrutiny notice may ask for several documents, other notice generally required very less documents.
- Covering Letter: Prepare a covering letter along with the set of documents that you have to submit to the IT department.
- Acknowledgement of submission: Always prepare two set of all the documents required, along with a copy of the covering letter and notice. One copy stamped to maintain personal records, as a proof of submission of the reply of notice.
- Reply under prescribed time limit: Always reply the notice under the prescribed time limit and if you are unable to collect the required documents under prescribed time limit then you can ask for some time to gather all the documents
- Take the help of Firm Registration:- If notice is about a TDS mismatch, factual matter or arithmetical error then the taxpayer own can reply for the notice but when it comes to the scrutiny notice or reassessment U/s 148 then one should take the professional advice with the Firm Registration that is equipped with the team of chartered accountants and company secretaries. We will understand the situation and response accordingly.