Tax Notice Services in Delhi
Receiving a tax notice can be stressful and overwhelming for any individual or business. A tax notice often indicates a discrepancy or issue with your tax filings that may require clarification or rectification. Whether it’s a notice regarding unpaid taxes, incorrect returns, or audits, handling it promptly and correctly is essential to avoid further complications. At Taxcrafted Solutions, we provide expert Tax Notice services in Delhi to help individuals and businesses resolve tax-related concerns efficiently and in compliance with the law.
As a leading Tax Solutions Company in Delhi, we specialize in helping clients navigate the complexities of tax notices. Our team of experienced professionals ensures that every notice is reviewed thoroughly, and appropriate actions are taken to resolve it swiftly. Whether you’ve received a notice from the Income Tax Department, GST authorities, or other tax authorities, our Tax Consultant services in Delhi are designed to offer peace of mind and a clear pathway to resolution.
Understanding the notices issued by IT department
1. Notice u/s 143(1): Intimation of the return
When a person files the Income tax return, it is electronically processed by the Income tax department. Therefore, the Income Tax Department sends the intimation to the Assessees in three ways:
- Tax Liability Payable
- Refund to be Determined
- No refund or demand, but if there is any increase or decrease in the loss Intimation shall be issued from the department within one year from the end of the year in which the report was filed.
2. Notice u/s 139 (9): Defective Income tax return
When the return is in process, if the department discovers any flaws, mistakes or missing information in the return filed, the department shall issue the notice u/s 139(9) to ratify the mistake. The Department verifies the return from the details that they already have.
The Defective return needs to be filed within 15 days. The return shall be treated as invalid if the response is not filed within 15 days.
3. Notice u/s 142(1) “ Inquiry Notice before Assessment
When a return is filed and during the evaluation period, the assessment officer is of the opinion to demand additional details and documentation. Therefore, the AO can do the same and this makes it compulsory on the part of assessee to furnish it.
4. Notice u/s 143(2): Scrutiny Notice
After receiving the document in pursuant to the notice u/s 142(1), if the Assessment Officer still thinks that there is a requirement to scrutinize, then he may issue the notice u/s 143(2). The AO wants to be satisfied that the assessee has not done any of the following faults:
- Understated The Income
- Claimed Excessive Loss, or
- Paid Lesser Taxes
It is noticeable that the section under which it will be scrutinized is different from the section in which the notice has been issued.
Notice of scrutiny may be issued up to 6 months after the relevant assessment year has been completed.
There can be no scrutiny assessment of the assesses that have not paid his tax return. In this case, the AO shall make the Best Judgment and may assess the tax liability under it.
Section 143(2) requires the AO to examine and conduct a regular assessment if the person has not filed the Income returns,
If the assesses do not adhere to the provisions of this section:
It may lead to Best Judgment Assessment u/s 144, or
Penalty of INR 10, 000 for each failure under Sec 271(1) (b) i.e., or
Prosecution that can extend up to 1 year with or without fine under Sec 276D.
Why Choose Taxcrafted Solutions for Tax Notice Services?
- Expertise in Handling Tax Notices: As a trusted Tax Consultant Company in Delhi, we have years of experience in handling all types of tax notices.
- Timely and Efficient Resolution: We understand the urgency of addressing tax notices. Our team works swiftly to resolve issues and minimize your liabilities.
- Comprehensive Solutions: From reviewing notices to filing responses and representing you with tax authorities, we offer a full range of services for tax notice management.
- Personalized Approach: Every tax notice is unique, and we provide tailored solutions based on the specifics of your case.
- Transparent Communication: We keep you informed at every step of the process, ensuring you understand the actions being taken.
Get in Touch with Taxcrafted Solutions
If you’ve received a tax notice in Delhi and need professional assistance, look no further than Taxcrafted Solutions. Our team of tax consultants in Delhi will help you resolve your tax-related issues quickly and effectively. Contact us today to schedule a consultation, and let us take the stress out of dealing with tax notices.
